The Bad PlaceTimes of India | Byju’s founder Raveendran sentenced to six months in jail for contempt of court: Report
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Byju Raveendran, the founder of the now‑collapsed ed‑tech firm Byju’s, has been sentenced by a Singapore court to six months’ imprisonment for contempt after repeatedly ignoring court orders concerning his assets since April 2024. The judgment also orders him to surrender to authorities, pay legal costs of S$90,000 (about $70,500), and provide documentation proving his ownership of Beeaar Investco Pte, a company that held shares in an affiliated entity. The ruling adds to Raveendran’s mounting legal troubles, including a US lawsuit by lenders seeking recovery of a failed $1.2 billion loan and a Singapore case brought by a Qatar Investment Authority subsidiary that had invested in Byju’s during its downsizing phase. His current location is unclear.
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Byju’s founder Raveendran sentenced to six months in jail for contempt of court: Report
Byju Raveendran, founder of the collapsed edtech company Byju’s, has been sentenced to six months in prison by a Singapore court in a contempt case, according to people aware of the development who told Bloomberg.
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