In a LinkedIn post, Byju Raveendran, founder of the Edtech giant besieged byju, an alleged “criminal collusion” between Ey India, Glas Trust and a professional of the interim resolution (IRP), accusing them of working against the interests of the company.
He said he received “conclusive evidence” of reprehensible acts and called for an immediate investigation but did not reveal more details.
“Several employees and I have received a document with conclusive evidence of criminal collusion between Ey India, which I otherwise held in high esteem, Glas Trust, who claims to represent the lenders he does not represent, and the IRP, which was appointed by an Indian court to protect Byju but ended up destroying it,” he wrote.
“I am sure that an in -depth investigation into these evidence will reveal the truth. I ask the authorities to take this immediately, “he added, demanding an investigation into alleged misconduct.
Shortly after his post has gained ground, the LinkedIn account by Byju Raveendran and the post was withdrawn. His wife, Divya Gokulnath, went to social networks to underline the deletion, questioning the reason behind.
“Byju’s message and account have been removed. Investigate why. But no problem. It is left, ”she wrote, sharing screenshots from the deleted post. However, when writing the editorial’s time, the account and the position were restored.
Raveendran’s statement comes as Byju beats a legal and financial storm. The company is prevented from disputes on a term loan of $ 1.2 billion, lenders put pressure for governance changes in the midst of an in -process insolvency resolution process.
Meanwhile, an American bankruptcy court recently ruled against the brother of Byju, Riju Ravindran, and the capital of the roofing tree, deeming them guilty of fraudulent transfer of $ 533 million and a violation of the trustee. The court judged that at least part of the money has been transferred to a hedge -based Miami fund to keep it out of reach of creditors.
Raveendran refuted the allegations that his family had financially benefited from the increase in the company, declaring that any accumulated wealth has been reinvested to keep by Byju.
“We told you that my family had made a fortune by selling our actions. But it is only half of the story. You were not told that this whole “fortune” was handed over to our company, “he wrote, adding that he had even sold his house and had mortgaged the future of his family to support the company.
Despite the troubles, Raveendran framed the crisis as a temporary obstacle. “For me, each setback is only a configuration for a bigger return,” he said.
He ended his message with a note to past and current employees, urging them to remain “strong and proud”. “For those who want to help a return that will redefine resilience in Indian entrepreneurship, I welcome you,” he concluded.
