Byju Raveendran to present new evidence in US court to dispute GLAS Trust’s fund diversion claims

Byju Raveendran is planning to file a $2.5 billion damages claim in the United States as he fights allegations made by GLAS Trust over the handling of $533 million belonging to Byju’s Alpha, the company’s US financing arm, reported PTI. The report further says that Raveendran will present fresh evidence in the US court to dispute the claims that the money was diverted or not used properly. He maintains that the funds are fully traceable and were reinvested in the firm.