‘You have been told my family made a fortune’: Byju Raveendran defends himself amid crisis
In LinkedIn’s post, the founder of the Burial Ravendra, Embattled EDTECH GIANT BYUU, it is assumed that “criminal clash” is supposed to “criminal collisions” of EY India, GLAS TRANSFERAL specialist (IRP), which is accused of the company’s interests.
He claims that he received “decisive evidence” crime and called for an immediate investigation, but did not reveal further details.
“And few employees received a document that testifies to the criminal conflicts between India, which we treat it differently, Glas Trust claims that the Indian court does not mean that he destroyed it.
“I am sure that the thorough study of these evidence will reveal the truth. I ask the authorities would be raised immediately, “he added, demanding a supposed misuse of probation.
Shortly afterwards, the Bureau Rvu Rwuandri was supposed to go down. His wife, Divya Gokulnath, took social media to highlight, doubt the reason for that.
“BYJU’s post and account have been removed. Investigation of why. But there is no problem. Here we are going again, “he wrote, spreading the scrubbers of the deleted post. However, both the account and the record have been restored at the time of writing.
Ravendran’s statement comes as a battles of Bju legal and financial storm. The company is in disputes through a $ 1.2 billion loan, and the lenders manage to change management changes in the process of solving the insolvency.
At the same time, recently the US Bankruptcy Court has decided against the Camshaft Capital of Biju Rizhu Rijindran and Camshaft Capital, finding them a violation of 533 million dollars and fiducia. The court ruled that at least some of them were moved to Miami-based fence fund to keep it to the creditors.
Ravendra has denied allegations that his family financially used the company’s rise, saying that any wealth accumulated, which has accumulated to continue to spare Bju’s sprout.
“You have been told that my family was lucky enough to sell our shares. But it’s just half of the story. He did not say that all these “luck” was returned to our company, “he said, adding that he even sold his family’s future.
Despite the turmoil, Ravendra framed the crisis as a temporary barrier. “Every disturbance for me is just creating a greater return,” he said.
He completed his message to the past and current employees, urging them to stay “strong and proud.” “For those who want to help with the return, which will transform stability in Indian entrepreneurship, I welcome you,” he concluded.