ED conducts searches at Byju’s office, CEO’s residence over alleged FEMA violations | Oneindia News

The Enforcement Directorate on Saturday carried out searches at three premises in Bengaluru belonging to Byju Raveendaran, the chief executive officer (CEO) of ed-tech giant Byju's in connection with alleged foreign exchange violations.

During the searches, various incriminating documents and digital data was seized.

The agency conducted searches at three premises in Bengaluru, two business and one residential, in connection with a case against Raveendaran and his company ‘Think & Learn Private Limited’ (Byju online learning platform) under the provisions of the Foreign Exchange Management Act (FEMA).

#Byju's #ED #FEMA ~PR.152~ED.101~HT.178~