ED sends show cause notices to Think & Learn, Byju Raveendran

The Enforcement Directorate (ED) issued show cause notices to Think & Learn Private Limited, the parent company of BYJU'S, and Founder and CEO Byju Raveendran for violating the Foreign Exchange Management Act (FEMA), with contraventions amounting to Rs 9,362 crore. This comes just hours after reports surfaced alleging forex violations by the troubled edtech company. BYJU'S declined to comment.