Times of India | Byju Raveendran reacts to Singapore court order: ‘Cannot allow false & one-sided narrative to go uncontested’ - read full statement

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Byju Raveendran, the founder of the once‑high‑profile ed‑tech firm Byju’s, has responded to a Singapore court’s contempt ruling that sentenced him to six months in jail, ordered his surrender, and imposed a S$90,000 legal‑costs payment along with a requirement to produce documents proving his ownership of Beeaar Investco Pte. Raveendran said the court’s decision and its media coverage create a misleading impression, especially as settlement talks with lenders—including GLAS Trust and Qatar Investment Authority—are nearly concluded and have recognized no wrongdoing by him or the other founders. He stressed that he has acted in good faith, that none of the founders personally received the disputed funds (which were used for legitimate business purposes), and that the continued pressure from QIA is an unnecessary tactic. Rejecting what he calls a “false and one‑sided narrative,” Raveendran reaffirmed his commitment to a constructive resolution and to protecting the interests of Byju’s, its employees, students, and stakeholders.

Read more: https://timesofindia.indiatimes.com/business/india-business/byju-raveendran-reacts-to-singapore-court-order-cannot-allow-false-one-sided-narrative-to-go-uncontested-read-full-statement/articleshow/131342389.cms

#ByjuRaveendran #Byjus #Singaporecourt #GLASTrust #QIA

Pakistan and Qatar sign protocol for $3bn investment

https://web.brid.gy/r/https://dailytimes.com.pk/1388737/pakistan-and-qatar-sign-protocol-for-3bn-investment/

If @Sainsburys can't make Argos work that's not an Argos problem that's a Sainsburys CEO problem.

#SainsburysStripper #BlackRock #QIA #sainsburys #Argos

https://www.ft.com/content/85417cba-c22a-4a28-8dde-38cda5d44e25

Do people really think @Sainsburys is doing all they can to keep prices down & offer good services when they pay out mils in bonuses & still post over 1 bil. in profits. Remember that when there's no staff at the checkouts & depts are shut.

#sainsburys #profitbeforepeople #qia