Tuesday, 19 March, 2024

Hedge Fund Manager Under Threat of Arrest for $533 Million Allegedly Taken from Byju's

A hedge fund manager faces imminent arrest after allegedly siphoning off $533 million from Byju's a prominent edtech company. The manager purportedly misappropriated funds through unauthorized transactions sparking concerns over financial security & regulatory oversight in the tech industry. Byju's has initiated legal action against the individual underscoring the importance of stringent measures to prevent fraudulent activities & safeguard investors' interests in the rapidly evolving landscape.