Atju's Alpha sues parent company, with Raveendran, and other drivers for alleged $ 533 million theft, fraud details | Company Business News

Byju’s Alpha Inc., the US financing vehicle of the United States of Indian Ed-Tech Unicorn with, his parent company, with Raveendran, his wife Divya Gokulnath, brother Riju Ravindran, and Consigliere Anita Kishore, because he claimed to have told the $ 533 million. District of Delaware claims that the accused “theft of $ 533 million” was designed and exported in a “web of deception and carried out to cheat lenders”. The lawsuit claims with Divya Gokulnath, Riju Ravindran and Anita Kishore “fraudulent loan returns, misrepresented financial information and prevented lenders from exercising remedies”. Livemint reached out to the Juids for a reply to the allegations. Once it comes, this copy will be updated with the statement. ByJu’s Alpha submission of the case in which fraud against with Ju’s: Details According to Alpha, the SPV was established by with JULs to receive returns from a $ 1.5 billion b (alias Alpha Funds). According to the lawsuit, Alpha was said after the US Bankruptcy Court for the Delaware district against the parent company atju and with Raveendran decided in the theft of $ 533 million. What are the allegations? The said parties allegedly organized a lawless scheme and performed to hide and steal $ 533 million in loan returns, according to the Alpha’s lawsuit. It is alleged that the managers ‘deliberately’ asset belonging to Alpha were ‘repeatedly misleading’ about the location of the money “to steal funds rightly to the borrowers”. In his lawsuit, Alpha is looking for: an award of damages for violating fiduciary duties of Byju, an award of damages for with Ju’s, Divya’s and Anita’s assistance and tackling of the violation of other’s fiduciary duties; A accounting of the alpha funds; An award of damages for repentance and civil conspiracy; Compensation of all attorney fees, costs and expenses; Compensation of interest costs; and any other relief that the court may consider correct, properly or fairly. First published: 10 Apr 2025, 11:29 am Ist