<ul><li>BYJU'S has been accused of transferring $700,000 from its US affiliates in violation of bankruptcy proceedings.</li><li>The edtech giant allegedly syphoned off funds to Whitehat Education Technology instead of repaying its US-based creditors.</li><li>A trustee is seeking to recover the transferred amount and BYJU'S is facing bankruptcy proceedings for its four units in the US.</li><li>BYJU'S has also been accused of hiding $533 million from lenders, and its parent company has pledged collateral to secure a loan.</li></ul>

BYJU’S Accused Of Transfering Funds From US Units In Violation Of Bankruptcy Rules

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