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flag US court rules Byju's parent and associated entities defrauded Alpha, causing a $533M loss.

flag US Bankruptcy Court has ruled that Byju's parent company Think & Learn, Riju Ravindran, and hedge fund Camshaft Capital are responsible for defrauding Byju's US entity, Alpha, and its lenders, involving a $533 million loss. flag The court found multiple transfers fraudulent and that Ravindran breached his fiduciary duties. flag The lenders are working to recover the funds, and damages will be determined later.

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