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Byjus founder and chief executive Byju Raveendran could be in trouble after the Enforcement Directorate (ED) said he appears to be “guilty” of alleged forex violations amounting to Rs 9,362 crore by the embattled edtechs parent. ....
India Business News: The Enforcement Directorate (ED) on Tuesday issued show-cause notice to Byju's for allegedly violating foreign exchange rules amounting to Rs 9000 cro ....
"Based on the information shared by Sebi, the searches over alleged irregularities under forex rules and money laundering were conducted. The promoters of these firms have been summoned and they will be quizzed in due course," said a senior official privy to the investigations. ....
In this regard, the agency had asked former India Managing Director Manu Kumar Jain to appear for questioning. However, neither Jain nor the agency has commented on this. ....