19 Nov 2025 | 5 Mins Read
US court alleges Byju Raveendran 'roundtripped' Alpha funds
Flipitmoney
Byju's Alpha, a US-based unit of Indian edtech firm Byju's, used a UK logistics company to hide $533 million. A court filing claims the funds were "round-tripped" back to founder Byju Raveendran and his affiliates. The company denies allegations, stating funds were used for legitimate corporate needs. Lenders have seized control of US shell companies and Byju's faces multiple litigations.