Legal net tightens around Byju Raveendran after US court ruling on fraud

Raveendran has called for an investigation into what he alleged is a "criminal collusion" between accounting firm EY India, GLAS Trust which represents US lenders, and the IRP

In a surprising turn of events on Friday, Byju Raveendran, the founder of the struggling edtech startup Byju’s, made an unexpected debut on LinkedIn. He called for a comprehensive investigation by authorities into what he claimed was a "criminal collusion" between accounting firm EY India, GLAS Trust (which represents US lenders), and the IRP (Interim Resolution Professional) to dismantle his company. 

Valued at $22 billion in 2022, Byju’s has seen its fortunes almost wiped out due to a massive cash crunch, regulatory issues and disputes with investors, including a battle with US lenders who are demanding $1 billion in unpaid