Thursday, 21 November, 2024

Byju's Founder Accused Of Concealing Funds To Regain Control

Byju's founder faces accusations of utilizing hidden cash reserves to regain control of the edtech company amid ongoing financial and operational challenges. The allegations surface as the firm tackles disputes with creditors and shareholders, raising concerns about corporate governance. This development adds to the scrutiny surrounding the company's financial transparency and leadership decisions during its critical restructuring phase.