More trouble for Byjus

https://m.timesofindia.com/india/ed-searches-byjus-ceo-raveendrans-office-residence-in-bengaluru-over-fema-violations/articleshow/99862610.cms

Do you agree with these raid? Instead of buying foreign xyz firm at inflated valuation he should have invested in domestic startup ecosystem? Comments??

I need urgent help with an issue I'm facing with Byju's. Despite sending multiple emails to the off-boarding team, I have not received my relieving and experience letters. These documents are crucial for my onboarding process with a new organization, and the delay is affecting my employment status. I kindly request Byju's to expedite the issuance of these documents. Any assistance or leads on how to resolve this would be greatly appreciated. Thank you in advance for your help

NCLT has frozen Byju's bank accounts. A big blow not to Byju's, but to those waiting for salaries and payouts. This process usually takes petitions in court to resolve and isn't straightforward. https://timesofindia.indiatimes.com/business/india-business/fresh-trouble-for-byjus-as-nclt-blocks-rights-issue/articleshow/110979870.cms

With ED issuing lookout notice for the founder, is this how Byju's will go down?? Things have not been looking up for the decacorn startup since last year, but with rights issue being fully subscribed, there was hope that things might take a turn for the better. With EGM this Friday to ouster the CEO and his family from board and ED lookout notice just prior to it, is this the end of the road for the maverick founder??

What is even happening there? As per newspaper article from today https://www.thehindubusinessline.com/companies/byjus-hasnt-paid-pf-money-for-months-show-epfo-data/article67008329.ece/amp/

This gets the figure to like 10k in that many months 🫣

So confusing ?? Govt seems after promoter