New York/New Delhi, April 10: Byju슬롯사이트™s Alpha, a special purpose financing vehicle established by Byju슬롯사이트™s in the US to receive proceeds of a $1.5 billion Term Loan B, has sued Byju Raveendran, co-founder and his wife Divya Gokulnath for "orchestrating theft of $533 million슬롯사이트�.슬롯 머신 사이트 추천 Byju슬롯사이트™s Alpha said that following the $533 million judgment of the United States Bankruptcy Court for the District of Delaware against Riju Ravindran and Byju슬롯사이트™s ultimate corporate parent in India, the company has now filed a lawsuit against Byju Raveendran, his co-Founder and wife Divya Gokulnath, and his consigliere (advisor), Anita Kishore. The lawsuit states that each of them co-orchestrated and executed a lawless scheme to conceal and steal $533 million of loan proceeds (the 슬롯사이트˜Alpha Funds슬롯사이트�), according to a press release.

슬롯사이트œOn the heels of the Delaware Bankruptcy Court슬롯사이트™s recent judgment against his brother and companies, this action is being brought to now hold Byju Raveendran, the former CEO of BYJU슬롯사이트™s Alpha, and two more of his co-conspirators 슬롯사이트� namely his co-founder and close business associate 슬롯사이트� accountable for their roles in masterminding the theft of more than half a billion dollars,슬롯사이트� said the ad hoc group of term loan lenders of Byju슬롯사이트™s Alpha슬롯사이트™s Term Loans.슬롯 머신 사이트 추천Cybersecurity Threat: UK슬롯사이트™s National Cyber Security Centre Warns of Chinese Malicious Spyware 슬롯사이트˜MOONSHINE슬롯사이트� and 슬롯사이트˜BADBAZAAR슬롯사이트� Targeting Uyghurs, Tibetans, and Taiwanese Individuals.

They further stated that 슬롯사이트œit is clear that Byju, Divya, and Anita deliberately hid the assets of BYJU슬롯사이트™s Alpha and repeatedly were deceptive about the location of the money in order to steal funds rightfully owed to the Lenders슬롯사이트�. 슬롯사이트œIn light of the Court슬롯사이트™s recent decision, there can be no doubt that they acted unlawfully and tried to cover their tracks, breaching fiduciary duties and making numerous misrepresentations, among other misconduct, in the process.

If it is not abundantly clear to them by now, Byju and his cohorts will soon learn that the laws of the United States are immutable, and they can either choose to live the rest of their days as international fugitives or face the music and return the money they stole,슬롯사이트� stated ad hoc group of term loan lenders of Byju슬롯사이트™s Alpha. Starting in March 2022, mere months after receiving the Term Loans, Byju슬롯사이트™s Alpha, then under the control of the Byju슬롯사이트™s enterprise, defaulted on the credit agreement. In April, Byju's allegedly began the first in what was a series of systematic and unlawful fraudulent transfers of the Alpha Funds.

Byju's Alpha, including Byju and his brother Riju Ravindran personally, conceded defaults had occurred by entering into numerous amendments and forbearances to the credit agreement. 슬롯사이트œIn an effort to hide their tracks, Byju, Divya, and Anita repeatedly misrepresented and contradicted themselves regarding the use and location of the $533 million Alpha Funds,슬롯사이트� the press release added.

On March 15, 2024, Byju슬롯사이트™s issued a statement in response to a preliminary injunction ordered by the Delaware Bankruptcy Court whereby the Court froze the Alpha Funds 슬롯사이트� preventing their further use or movement. In the statement, Byju's represented that 슬롯사이트œthe said funds are safely parked in one of our subsidiaries and, as per the order, it will rightfully remain there.슬롯사이트� On October 9, 2024, Byju issued a declaration under oath to the Delaware Bankruptcy Court swearing that the Alpha Funds had been spent.슬롯 머신 사이트 추천Layoffs in 40s: Shantanu Deshpande, CEO of Bombay Shaving Company, Calls Losing Jobs in 40s 슬롯사이트˜Worrying Thing슬롯사이트�, Points Out Vulnerabilities in Mid-Career Profession (Watch Video).

In its lawsuit, Byju슬롯사이트™s Alpha is seeking an award of damages for Byju슬롯사이트™s breach of fiduciary duties; an award of damages for Byju슬롯사이트™s, Divya슬롯사이트™s, and Anita슬롯사이트™s aiding and abetting of the breach of others슬롯사이트� fiduciary duties; an accounting of the Alpha Funds; an award of damages for conversion and civil conspiracy; reimbursement of all attorneys슬롯사이트� fees, costs, and expenses; reimbursement of interest expenses; and any other relief that the court may deem just, proper, or equitable.

(The above story first appeared on LatestLY on Apr 10, 2025 11:13 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).