Edtech Fraud News - Latest Updates & Headlines

$533 mn loan fraud case: US Bankruptcy Court rules against Byju's

New York, Feb 28: A Bankruptcy Court in the US on Friday issued a summary judgement against Riju Ravindran, Think & Learn (the parent company of Byju’s), and the hedge fund Camshaft Capital, finding them guilty of fraudulent transfer of $533 million and a “breach of fiduciary duty.”