Baiju Ravindran, founder of Baijus, was sentenced to 6 months in prison by a Singapore court for contempt of court. This was reported by the Bloomberg news agency on Wednesday.
It is learned that the court had given several orders in the case to Baiju’s property which started from April 2024. But all those instructions were allegedly violated. It is in this context that he has been sentenced to prison. According to sources, the court ordered Rabindran to surrender immediately. At the same time, the concerned court also ordered to pay 90 thousand Singapore dollars. The court also asked Ravindran to submit the documents to the ownership of the company named ‘Bearer Investco’ in his hands. The founder of Byjus opened his mouth only after this order of the court. “I have done no wrong,” he said. However, it is not clear where he is currently.
This education tech company, created in 2015, became more popular during the Corona period. Baijus opens a new direction in studying at home. This Indian startup company has become the world’s most valuable edtech startup in a very short time. This company also received foreign investment. But at the end of 2022, Baijus faced a huge loss. As a result, layoffs began. But that’s it The company could not be stable. Allegations of defaulting were also made against Byjus. His water boils up to the court. In a similar case filed, the court ordered imprisonment for the founder of Baijus.
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