BYJU'S accuses investors of 'conspiring' against company, delays employee salaries
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BYJU'S leadership has accused some investors of plotting to remove top executives during a challenging time, as stated in a letter to employees. The letter stated, "Certain investors, seeing the crisis we faced, saw it as an opportunity to conspire and demand the stepping down of our founder as the group CEO of BYJU'S." This development follows investors' call for an extraordinary general meeting to address governance, financial mismanagement, and compliance concerns at the edtech firm.