Tag: FEMA

  • After BYJU’S Denial, ED Says Issued Show Cause Notice For FEMA Violation Of INR 9,362 Cr

    In a recent development, the well-known edtech behemoth BYJU’S in India is now being investigated by the Enforcement Directorate (ED) for possible violations of the Foreign Exchange Management Act (FEMA), 1999. The parent firm of BYJU’S, Think & Learn Private Limited, and its founder, Byju Raveendran, have received show cause notifications from the ED. This…

  • BYJU’S FACES ED SCRUTINY OVER ALLEGED RS 9,000 CR FEMA VIOLATION

    The Education Technology behemoth, Byju’s, and its creator, Byju Raveendran, have unexpectedly found themselves under investigation by the Enforcement Directorate (ED) for suspected FEMA (Foreign Exchange Management Act) violations totaling an astounding Rs 9,000 crore. With regulatory organizations keeping a close eye on the corporation in recent months, this financial rollercoaster adds even more drama…