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Missing $533 Mn Used For Legitimate Commercial Purposes: BYJU’S CEO
- BYJU'S CEO Byju Raveendran denies allegations of fraudulent transfer of $533 Mn from its term loan B.
- Raveendran claims that the funds were used for legitimate commercial purposes.
- BYJU'S planned to use the majority of the $1.2 Bn term loan for international expansion.
- BYJU'S faces legal cases from TLB creditors seeking clarity on the missing funds.
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