ED Finds FEMA Violations worth INR 9,000 Cr by BYJU’S

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Fresh troubles at BYJU’s as ED has found BYJU’S to have violated Foreign Exchange Management Act (FEMA) worth INR 9,000 Cr.

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However, the BYJU’s has vehemently denied such claims.

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BYJU’s statement: “BYJU’S unequivocally denies media reports that insinuate it has received a (any) notice from the Enforcement Department. The company has not received any such communication from the Enforcement Department.”

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Earlier this year, the ED conducted search and seizure operations at premises linked to edtech giant BYJU’S.

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