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India Business News: The Enforcement Directorate (ED) has asked Bureau of Immigration to issue a look out notice against Byju Raveendran, the founder and CEO of Byju's, to
The LOC (lookout circular), which is issued at the entry and exit points of the country, against Raveendran was first issued over a year ago. | Latest News India
The notices were issued based on a complaint alleging contraventions of the Foreign Exchange Management Act (FEMA) totalling Rs 9,362.35 crore.
The Enforcement Directorate is turning up the heat on Byju’s founder, Byju Raveendran, just in time for the edtech firm’s Extraordinary General Meeting on February 23, according to a report buzzing around on February 22. In a dramatic twist, ANI disclosed that the ED has called on the Bureau of Immigration to slap Raveendran with […] - Newsx
The company is facing charges of foreign exchange violations, a reason behind the push for LOC. Raveendran has mostly been shuttling between Delhi and Dubai for the past three years.