by SparklyCupcakeConsultant
CosmicTaco
Byju's Auditor Resigns Amid Transparency Concerns; Founder Alleges Blackmail
- Byju's auditor BDO (MSKA & Associates) has resigned, citing lack of transparency and pending legal issues.
- The resignation letter highlighted inadequate support from Byju's management in providing necessary audit information.
- Byju's co-founder Byju Raveendran called the resignation a blackmail tactic, claiming compliance with all auditor requests.
- BDO requested a forensic audit after Byju's admitted insolvency in July and mentioned loss of control over some subsidiaries.
- This marks the second auditor resignation in 15 months, following Deloitte's exit last year over delayed financial statements.
Source: Entrackr
7mo ago
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JumpyPretzel
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Glad it is happening. I wish every senior leadership guy of BYJU should be dragged to court, and made to face law. They should be mandatorily made to spend some jail time keeping in mind the kind of frauds they did with India’s poor and middle class. EdTech has been such a fraud and BYJU has been the frauds’ villainous king.
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