Byju Raveendran, the founder of embattled edtech firm BYJU’S, has been sentenced to six months in jail by a Singapore court for contempt after allegedly failing to comply with multiple court orders linked to disclosure of his assets.
The court directed Raveendran to surrender to authorities, pay legal costs of S$90,000 and submit documents proving his ownership of Beeaar Investco Pte, a company that held shares in an affiliated entity.
The ruling marks another setback for the once high-flying entrepreneur, who is facing legal challenges from global investors and lenders in multiple countries, including the US, where creditors are attempting to recover losses tied to a defaulted $1.2 billion loan.
Raveendran, who founded Think & Learn Pvt Ltd — widely known as BYJU’S — had emerged as one of India’s most prominent startup success stories during the country’s edtech boom. However, the company later came under pressure amid layoffs, financial troubles and investor disputes.
The Singapore case was brought by Qatar Holdings, a subsidiary of the Qatar Investment Authority, which had invested in the company during one of its funding rounds.
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