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{"id":4834,"date":"2025-04-10T10:36:18","date_gmt":"2025-04-10T10:36:18","guid":{"rendered":"https:\/\/entestartup.com\/?p=4834"},"modified":"2025-04-11T12:09:56","modified_gmt":"2025-04-11T12:09:56","slug":"fraudulent-transfer-of-533-million-byjus-alpha-sues-founders","status":"publish","type":"post","link":"https:\/\/entestartup.com\/en\/fraudulent-transfer-of-533-million-byjus-alpha-sues-founders\/","title":{"rendered":"$533 million misappropriated: Byju's Alpha files lawsuit against founders"},"content":{"rendered":"

BYJU'S Alpha, the US unit of BYJU'S, has filed a lawsuit against Byju Raveendran, Divya Gokulnath and Anitha Kishore. The lawsuit claims they hid and misappropriated $533 million. The money is said to have come from a loan.<\/p>\n\n\n\n

The lawsuit was filed in U.S. Bankruptcy Court in Delaware. The decision was made by the court on February 28. The court found that Raveendran, BYJU'S and Camshaft Fund made several illegal transfers using $533 million.<\/p>\n\n\n\n

BYJU'S Alpha is a special company created to handle loans. They controlled $533 million until creditors took it over. Under Chapter 11, the company went into bankruptcy. According to the lenders of BYJU'S Alpha, Raveendran and his gang stole the money.<\/p>\n\n\n\n

According to the creditors, Baiju, Divya and Anita lied about where the money went. In addition, they are accused of trying to hide their actions. The case was filed on April 9. BYJU'S Alpha has filed a claim for damages. They want compensation for the money lost and the misdeeds of Raveendran, Divya and Anitha.<\/p>\n\n\n\n

BYJU'S Alpha had also asked for a full report on what happened to the $533 million. The people responsible for the damage and legal costs demanded compensation.<\/p>\n\n\n\n

In March 2022, BYJU'S Alpha failed to repay its loan. Thereafter, Raveendran and others carried out illegal transfers. They later confessed to the crime. Once a very valuable company in India, BYJU'S is now facing bankruptcy in India and the US. Once a very valuable company in India, <\/a>BYJU'S is now facing bankruptcy in India and the US.<\/p>","protected":false},"excerpt":{"rendered":"