ED alleges Rs 9,000 crore FEMA violation by Byju’s: Report

New Delhi, 21/11: India’s federal financial crime-fighting agency, the Enforcement Directorate (ED), has issued a show-cause notice to ed-tech company Byju’s for alleged violations of foreign exchange rules, CNBC-TV18 reported on Tuesday, citing sources.

The agency has alleged violations by the company worth Rs 9,000 crore ($1.1 billion) under the Foreign Exchange Management Act, the television channel reported.



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