‘A wheel of lies’, Byju’s slams ‘baseless’ US lawsuit, calls it part of a larger conspiracy

Byju’s has sharply denied allegations made in a U.S. lawsuit that accuses the Indian edtech company’s top leadership of misappropriating $533 million, calling the case a “baseless” and “frivolous” attempt by lender representatives to seize control of the firm through what it describes as “nefarious” tactics.

In a scathing statement issued following the lawsuit filed by lenders to its U.S.-based entity Byju’s Alpha Inc., the company said, “This lawsuit is nothing but yet another cog in the wheel of lies that GLAS, the illegal representative of disqualified lenders in the US, has been rotating for a long time now.”