Byju’s Bankruptcy: US Judge weighs sanctions for two executives over alleged asset draining tactics

Byju’s Bankruptcy: Two Byju’s executives are under legal scrutiny in the United States for allegedly draining assets from the edtech company’s businesses which are under court supervision, according to a Bloomberg report.

A US federal judge is considering millions of dollars in sanctions on Byju’s chief content officer Vinay Ravindra and company ally Rajendra Vellapalath for allegedly stripping software, cash and other assets from the business, it added. Vellapalath, is also the founder of Dubai-based tech startup Voizzit Technology.