US bankruptcy court penalized Riju Ravindran, Byju's brother, for undisclosed $533m location, linked to $1.2bn lender debt and Think & Learn.

US bankruptcy court imposed financial penalties on Riju Ravindran, brother of Byju's founder, for failing to disclose the location of $533m sought by lenders. Ravindran's testimony was deemed not truthful, and he may face fines at a future hearing. The missing funds are central to a conflict between lenders owed over $1.2bn and Think & Learn, the company behind Byju's.

May 21, 2024
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