Jun 26, 05:02 AM

MCA-led Indian Probe Clears Byju's of Fraud, Finds Governance Issues

An Indian government-led probe into online education company Byju's found no evidence of financial fraud but identified significant lapses in corporate governance. According to multiple sources, including BloombergAsia and EconomicTimes, the investigation, led by the Ministry of Corporate Affairs (MCA), concluded that while Byju's did not engage in fraudulent financial activities, it failed to meet investor expectations and maintain proper corporate governance standards.

#Indian #Byju #BloombergAsia #EconomicTimes #Ministry of Corporate Affairs #MCA

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