BYJU’S Alpha sues Byju Raveendran, Divya Gokulnath over alleged ‘fraudulent transfer’ of $533M

BYJU'S Alpha, a term loan lender, has filed a lawsuit against BYJU Raveendran and his brothers, Riju and Gokulnath, alleging a fraudulent transfer of $533 million. The lawsuit claims that the funds were moved out of the US-based entity in violation of loan agreements. This legal battle adds to the ongoing financial and legal challenges faced by the edtech giant and its founder, raising concerns about corporate governance and financial management within the company.