Byju's auditor BDO Global resigns amid bankruptcy proceedings due to unprovided documents.

Byju's, a major Indian edtech firm valued at $22 billion in 2022, announced the resignation of its auditor, BDO Global, amid bankruptcy proceedings. The resignation followed Byju's failure to provide requested documents, citing the suspension of its board due to insolvency. The company has requested a forensic audit of BDO's resignation. Byju's has encountered multiple regulatory challenges and disputes with U.S. banks over $1 billion in unpaid debts, leading to asset freezes.

September 07, 2024
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