The Indian Directorate of Enforcement (ED) has urged the Bureau of Immigration (BOI) to issue a look-out circular (LOC) against Byju Raveendran, the founder and CEO of the embattled edtech giant Byju's, as reported by the Economic Times.
The ED's request for a new LOC, which prevents an individual from leaving the country, comes as part of an ongoing investigation into alleged Foreign Exchange Management Act (FEMA) violations by Byju's.