ED seeks ‘look out circular’ against Byju’s co-founder B. Raveendran over Foreign Exchange Management Act (FEMA) violations
The CEO and co-founder of the controversial ed-tech startup Byju’s, Byju Raveendran, is likely to get a lookout circular (LOC), as asked by the Directorate of Enforcement (ED) to the Bureau of Immigration (BOI), reported The Economic Times. The central agency asked BOI earlier this month to issue a new LOC in an effort to prevent him from leaving … Read more