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Singapore court sentences Byju Raveendran to 6 months in jail over contempt

Byju’s founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt over alleged failure to comply with court orders linked to disclosure of assets amid ongoing legal disputes with lenders and investors

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According to Byju Raveendran, the parties involved in the settlement discussions had acknowledged that there was no wrongdoing on his part or on the part of the other founders. FILE PIC

According to Byju Raveendran, the parties involved in the settlement discussions had acknowledged that there was no wrongdoing on his part or on the part of the other founders. FILE PIC

Edtech company Byju’s founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt after allegedly failing to comply with multiple court orders related to disclosure of his assets, according to a report.

Bloomberg reported that the Singapore court directed Raveendran to surrender before the authorities, pay legal costs of 90,000 Singapore Dollars (around USD 70,500), and furnish documents establishing his ownership of Beeaar Investco Pte, a corporate entity that held shares in a related company.

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