Aug 2, 07:20 PM

Byju’s Ex-Director Fined $10,000 Daily by Delaware Judge Over Missing $533 Million

Riju Ravindran, a former director of the Indian educational tech firm Byju’s, has been fined $10,000 a day by a Delaware judge earlier this week. The fine is imposed until Ravindran assists in locating $533 million that is currently missing.

#Riju Ravindran #Indian #Byju #Delaware #Ravindran

Written with ChatGPT (GPT-4o).

Sources

Law360@Law360
2 years ago
The former CFO of 777 Partners sued the private equity firm in Delaware's Court of Chancery, seeking advancement of his legal fees in connection with a fraud investigation and at least 20 civil lawsuits related to the company's business. https://t.co/GunyjHe1do
Business Standard@bsindia
2 years ago
Earlier this week, a judge in Delaware, where the main legal action against Byju's is taking place, ordered Ravindran to pay $10,000 a day until he helps locate the $533 million https://t.co/8ZarBsPHAz
Bloomberg@business
2 years ago
American lenders are seeking to freeze the assets of a suspended director of the troubled Indian educational tech firm Byju’s, arguing his cash should not be used to pay debt owed to India’s governing board for cricket. https://t.co/WyoT6AehcW

Byju’s Ex-Director Fined $10,000 Daily by Delaware Judge Over Missing $533 Million

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