ED raids 3 premises of BYJU's CEO Ravindra, case of FEMA violation

-

image : Wikipedia


The ED (Enforcement Directorate) conducted raids and seizures at three places in Bangalore in the case of Ravindran Baiju and his company 'Think and Learn Private Limited' under the provisions of the Foreign Exchange Management Act (FEMA). Two offices and one house were raided.

The company runs a popular online education portal called Byjus

The company runs a popular online education portal called Byjus. Several incriminating documents and digital data were seized during the investigation. The ED said the company has not prepared details of its financial transactions from the financial year 2020-21. which is mandatory.

The company received 28 thousand crores from abroad during 2011 to 2023

The raid also revealed that the company had received foreign direct investment of around Rs 28,000 crore during the period 2011 to 2023. Apart from this, the company has invested Rs. 9754 crore abroad. were sent About Rs 944 crore in the name of advertising and marketing expenditure of right sector companies during this period in the name of foreign direct investment. booked which includes the amount remitted to the foreign jurisdiction.

Money transactions are being investigated through banks

The ED said that the authenticity of the figures provided by the company is being checked by the banks. The investigation against Byjus was conducted on the basis of complaints received by various private individuals. Several summons were issued to founder, CEO Ravindran Baiju during the investigation by ED. However, he was always evasive and never appeared during the investigation. After that, the ED conducted raids on three of his premises.

Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more