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Enforcement Directorate Unearths Rs 9,000 Crore FEMA Violation by Edtech Giant Byju’s, According to Sources
According to Sources Enforcement Directorate Unearths Rs 9,000 Crore FEMA Violation by Edtech Giant Byju’s, In a significant development, the Enforcement Directorate (ED) has reportedly uncovered Foreign Exchange Management Act (FEMA) violations amounting to Rs 9,000 crore by the embattled edtech giant Byju’s, as per informed sources. Allegations and Investigation FEMA Violations: The Enforcement Directorate’s investigation reportedly reveals substantial violations of FEMA norms by Byju’s, amounting to a staggering Rs 9,000 crore. These alleged violations are likely to prompt a thorough examination of the company’s foreign exchange transactions and compliance with regulatory guidelines. Source of Information: The sources, which have not been officially disclosed, suggest that the Enforcement Directorate has…