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  Business   Companies  22 Nov 2023  ED notice to Byju’s for Rs 9K-cr fraud

ED notice to Byju’s for Rs 9K-cr fraud

THE ASIAN AGE.
Published : Nov 22, 2023, 12:46 am IST
Updated : Nov 22, 2023, 12:46 am IST

The notices were issued on the basis of the complaint filed by the ED under FEMA for violation of the foreign exchange law, the agency said

Byju Raveendran. (File)
 Byju Raveendran. (File)

NEW DELHI: The Enforcement Directorate (ED) on Tuesday said the Adjudicating Authority under the Foreign Exchange Management Act (FEMA) has issued show-cause notices to ed-tech major BYJU’S promoter Byju Raveendran and his Bengaluru-based Think & Learn Private Limited for contravention of the forex law to the tune of Rs 9,362.35 crore.

The notices were issued on the basis of the complaint filed by the ED under FEMA for violation of the foreign exchange law, the agency said.

 

Tags: byju raveendran, enforcement directorate (ed), foreign exchange management act
Location: India, Delhi