The inspection follows an internal assessment of BYJU’S state of affairs, and the Ministry of Corporate Affairs has sought a report in six weeks
Based on the findings, the government would decide if the matter needs to be escalated to the Serious Fraud Investigation Office
The development is another addition to the troubles of the edtech unicorn, which is fighting battles on multiple fronts
In another trouble for beleaguered edtech giant BYJU’S, the Ministry of Corporate Affairs has reportedly ordered an inspection of its account books.
Sources aware of the development told Bloomberg that the ministry has sought a report in six weeks. The inspection follows an internal assessment of BYJU’S state of affairs. Based on the findings, the government would decide if the matter needs to be escalated to the Serious Fraud Investigation Office (SFIO).
There were reports last week that the ministry was looking at the possibility of involving the…