New Delhi: Byju’s founder Byju Raveendran on Sunday informed his employees via email that he is fully cooperating with the authorities after the Enforcement Directorate raided its premises. He added that BYJU’S has made all efforts to fully comply with all applicable foreign exchange laws.
He wrote that Byju’s was funded by more than 70 influential investors who have satisfactorily conducted due diligence on operations. ,Also Read: AI Creates Images Of PM Narendra Modi, Other Global Leaders As Rockstars To Wow Netizens,
Raveendran said he was sure the officials would also come to the same conclusion. “I want to assure that we remain steadfast in our commitment to our students and vision,” he added. ,Also read: Uday Kotak calls US dollar ‘biggest financial terrorist’, later clarifies,
He said the recent ED visit is a probe under the Foreign Exchange Management Act (FEMA). He said the information sought by the authorities was earlier submitted by the representatives.
He said in the letter that the company had made several overseas acquisitions over the years as part of our growth strategy and that “these acquisitions have been instrumental in increasing our reach and influence”.