![Govt report finds no financial fraud but corporate governance lapses](https://cdn.magzter.com/1549608130/1719445242/articles/9Zu-hSAU11719455520325/GOVT-REPORT-FINDS-NO-FINANCIAL-FRAUD-BUT-CORPORATE-GOVERNANCE-LAPSES.jpg)
Embattled edtech firm Byju's did not siphon off funds or manipulated accounts, a yearlong investigation by the government has found.
However, the company did go through lapses in its corporate governance structure, the government added.
The probe by the Ministry of Corporate Affairs (MCA) concluded allegations regarding the manipulation of accounts and siphoning of funds against Byju's "to be unsustainable" and as such are not recommended to be referred to the Serious Fraud Investigation Office (SFIO), according to people aware of the matter.
The MCA inspection was conducted after complaints were filed by the National Commission for Protection of Child Rights (NCPCR) and the Registrar of Companies (ROC).
この記事は The Free Press Journal の June 27, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Free Press Journal の June 27, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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