Why is BYJU’S under the ED hammer?
Shortpedia
Content Team
Image Credit: shortpedia
Cornered on many fronts, many fires are engulfing BYJU’S. Despite being one of India’s most-valued unicorns, the edtech giant lands itself in a soup more often than not. Enforcement Directorate conducted search and seizure operations at three premises linked to BYJU’S on April 27 and 28 in connection with money laundering. Under the scanner are payments in excess of INR 9,000 Cr, which were routed to foreign jurisdiction between 2011 and 2023.
