ED searches three premises of Byju CEO Raveendran over FEMA violations
The Enforcement Directorate conducted searches of the residence and offices of Edtech major BYJU’s CEO Raveendran Byju in Bengaluru on Saturday in connection with the Foreign Exchange Management Act (FEMA) violations.
In a tweet, the agency said during the search, various incriminating documents and digital data were seized.
ED has conducted searches at 3 premises in Bengaluru in the case of Raveendaran Byju and his company ‘Think & Learn Private Limited’ (Byju online learning platform) under the provisions of FEMA. During the search, various incriminating documents and digital data was seized.
— ED (@dir_ed) April 29, 2023
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