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Byju's Alpha sues Byju Raveendran and family for $533M, alleging fraud and asset misdirection.
Byju's Alpha, a financing arm of the Indian ed-tech giant Byju's, has filed a lawsuit in Delaware Bankruptcy Court accusing Byju Raveendran, his family members, and an associate of orchestrating a $533 million fraud.
The suit alleges that the defendants hid assets and misled lenders about the funds' location.
The case seeks damages and reimbursement of legal and interest expenses, amid ongoing legal battles over the company's insolvency and alleged mismanagement.
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Alpha de Byju demanda a Byju Raveendran y su familia por $533 millones, alegando fraude y desdirección de activos.