No FEMA violations found so far at BYJU’S after ED searches
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ED has not reportedly found any violations of the Foreign Exchange Management Act (FEMA) at the edtech giant BYJU’S so far in its investigations. Per an IANS report citing sources, the documents collected by ED at BYJU’S premises in Bengaluru in late April are yet to indicate any FEMA violations. The people stated that while the investigation is still at an early stage, BYJU’S cooperated and provided ED with all necessary documents.