BIJU’s Alpha Inc., United States-based Special Finance Finance Vehicle Indian Ed-Tech Unicorn Byju’sSPV said in an official release on 9 April, “its original company, Bayju Ravendron, his wife Divya Gokulnath, brother Riju Ravindran and Kansiglir Anita Kishore have been sued.
Case filed in US bankruptcy court for Delaware district, accused “orchestrated theft” $ 533 million, “A deception designed in a web and cheated lenders”.
Byju is accused with the case Divya gokulnathRiju Rabindran, and Anita Kishore “transferred loan income from fraud, incorrectly presented financial information, and prevented lenders from practicing measures”.
The livemint has reached Bayju for a response to the allegations. This copy will be updated with the statement once it comes.
BIju’s Alpha files accused of cheating against suit byju: Details
According to Alpha, it was installed by SPV Byju’s To get the income of $ 1.5 billion term loan B (aka Alpha Fund). Its suit Alpha said that after the US insolvency court for Delaware district, a verdict has been pronounced in the case of $ 533 million theft against the original company Bayju and Buju Ravendron.
What are the allegations? The nominated parties are accused that “as” co-eructured and a lawless plan has been executed to hide and steal $ 533 million loan income “,, according to, Alpha suedIt claims that the authorities “deliberately hidden the property related to Alpha” and “repeatedly” misleading “were” to steal funds to the lenders properly “about the location of money.
In his trial, Alpha is asking: