Unofficial payments: Lenders; Byju’s eyes $2.5bn in damages
Glas Trust’s lawyer alleged in US bankruptcy court that Byju Raveendran discussed unofficial payments with Indian officials regarding regulatory penalties. Byju’s founders deny the claims and plan legal action against involved parties in the US case, seeking damages of at least $2.5 billion. This follows a notice to Byju’s for alleged FEMA violations.🕒 1 min read
Glas Trust’s lawyer alleged in US bankruptcy court that Byju Raveendran discussed unofficial payments with Indian officials regarding regulatory penalties. Byju’s founders deny the claims and plan legal action against involved parties in the US case, seeking damages of at least $2.5 billion. This follows a notice to Byju’s for alleged FEMA violations.
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