THE Enforcement The Enforcement Directorate (ED) on Tuesday issued a show-cause notice to edtech company Byjus in relation to FEMA (Foreign Exchange Management Act) violations to the tune of ₹9,362.35 crore.
The ED notice comes as the latest trouble for the company, which has been grappling with multiple challenges in the past one year. The federal probe agency had initiated investigation on the basis of various complaints regarding the foreign investment received by Byju's parent company Think and Learn Private Limited and the business conduct of the company.
This story is from the November 22, 2023 edition of The Morning Standard.
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This story is from the November 22, 2023 edition of The Morning Standard.
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