Byju Raveendran accuses Ernst & Young India, GLAS Trust and the interim resolution professional (IRP) of colluding to bring down BYJU’S. He claims to have ‘conclusive evidence of criminal collusion’ by the three entities. The edtech giant, once valued at $10 billion, is facing a series of challenges, including a $1.2 billion term loan default and insolvency proceedings. The company is also embroiled in a dispute with the Board of Control for Cricket in India (BCCI) over an unpaid sponsorship fee of Rs 158.9 crore. Despite these challenges, Mr Rave endran said that he is firm in his belief that BYJu’S will recover. He added that he never complains about his circumstances, even when it means putting everything on the line, including his personal assets. He has called for a swift and thorough investigation of the allegations to reveal the truth, which he believes will reveal the ‘truth’
Byju Raveendran accuses Ernst & Young India, GLAS Trust and the interi….
