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

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

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

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.”

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