<ul><li>Byju's Alpha Inc., a US-based subsidiary of Think & Learn Pvt Ltd, has filed a lawsuit against its parent company, Byju's, and its founder, Byju Raveendran, his co-founder, his wife Divya Gokulnath, and advisor Anita Kishore.</li><li>The lawsuit alleges an alleged misappropriation of $533 million in loan proceeds, with claims of a lawless scheme to conceal and steal the funds.</li><li>Byju's Alpha Inc. is a Delaware-based SPV established in 2021 to receive a $1.5 billion term loan, and the lawsuit comes after a recent judgment against Byju Raveendran's brother and Byju's ultimate corporate parent in India.</li><li>Byju's Alpha alleges that the funds were transferred to a sham hedge fund and later redeemed through offshore entities, while the defendants have been accused of misrepresenting and contradicting themselves regarding the use and location of the funds.</li></ul>

US Subsidiary Files Lawsuit Against Byju’s Founder, Wife, Brother & Others For Alleged Theft Of $533 Million

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