Home / Business and Economy / Byju's Founders Accused of Siphoning $533M in Alleged Fraud
Byju's Founders Accused of Siphoning $533M in Alleged Fraud
17 Nov
Summary
- $533M missing from Byju's US entity, allegedly diverted to founders
- Founders deny allegations, claim funds used for legitimate purposes
- Ongoing legal battle over disputed funds transferred to UK firm OCI
On November 17, 2025, a filing in the Delaware Bankruptcy Court alleged that $533 million missing from Byju's Alpha, the US-based entity now controlled by the edtech firm's term loan B lenders, was "in effect, roundtripped right back to Byju Raveendran and his affiliates."
The founders of Think & Learn Pvt Ltd, Byju's parent company, have categorically denied the accusations. However, the latest filing claims that a review by OCI Ltd, the UK-based procurement firm that received most of the disputed funds, shows the money was not used for "legitimate commercial purposes" as Raveendran had previously claimed.
According to the filing, the $533 million was "clandestinely removed" in 2022, with the intention of transferring the majority to Byju's Global Pte Ltd in Singapore, a company individually owned by Raveendran. This, the filing alleges, constitutes evidence of personal enrichment by the founders.
Byju's has issued a detailed rebuttal, arguing that Chapman's declaration "does not substantiate any claim of wrongdoing by the founders" and that the funds were used entirely for the benefit of Think & Learn. The legal battle over the missing funds continues to unfold.
