#byjus

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Startup companies
fromBusiness Insider
4 months ago

A once-hot startup got a $1.5 billion loan. More than $500 million went to a high school dropout's 'sham' hedge fund, judge rules.

Byju's fraudulently transferred over $500 million to a sham hedge fund, resulting in a ruling against the company's former board member.
fromTechCrunch
10 months ago

Second Byju's auditor exits in a year as financial turmoil deepens | TechCrunch

In a scathing resignation letter, BDO subsidiary MSKA highlighted multiple issues with Byju's, including significant delays in financial reporting, inadequate management support, and concerns over the company's ability to recover substantial dues from a Dubai-based entity.
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