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Anonymous

Hey I am on Medial • 10m

The Ministry of Corporate Affairs (MCA) has clarified that the investigation into allegations of financial misconduct against the troubled edtech startup Byju's is still ongoing. The clarification comes after a media report claimed that the government had exonerated Byju's of financial fraud. On June 26, Bloomberg said that the Indian government's investigation acknowledged lapses in Byju’s corporate governance but found no evidence of financial fraud. According to the report, the yearlong probe by the Ministry of Corporate Affairs did not uncover any wrongdoing such as fund siphoning or manipulation of financial accounts. However, the MCA has disputed these claims, stating that the investigation has not yet concluded. "Recent reports suggesting that Byju's has been cleared of financial fraud in an ongoing investigation by the Ministry of Corporate Affairs (MCA) are factually incorrect and misleading,' the MCA said.

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Anonymous

Hey I am on Medial • 10m

An india government investigation found out lapses in byju's corporate governance, but cleared byju's of any financial fraud! Will this come as a relief to this company, which was once valued at $22Bn!!!!

4 replies8 likes

Mohammed Zaid

Building-HatchUp.ai • 4m

China has launched an anti-monopoly investigation against Nvidia amid ongoing US-China tech tensions

2 replies2 likes

Anonymous

Hey I am on Medial • 10m

Ministry of Defence has issued the RFP to HAL for the procurement of 156 Light Combat Helicopter

1 replies5 likes

Mohammed Zaid

Building-HatchUp.ai • 1m

According to reports, Pavel Durov, the founder of Telegram, has been granted temporary permission by a French investigating judge to leave France amidst an ongoing investigation into criminal allegations tied to his messaging platform. This decision

0 replies3 likes

Somen's 8D world

Hey I am on Medial • 11m

is this the ending? 😭 Delaware court restricts Byju’s from use of $533 mn parked overseas Riju Ravindran, co-founder of edtech company Byju's, has been penalized by a US court for contempt of court. The court found Ravindran in contempt for refus

4 replies5 likes

Ganesh Kumar Gupta

Founder: Gaba Tea Pr... • 24d

Indian EV Startup Founder Accuses Aditya Vikram Birla Of Financial Fraud Of Rs 26 Crore

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Anonymous

Hey I am on Medial • 7m

💀UAE Shaikh's personaly observing Pavel durov case in france and building pressure. Sheikhs have jumped in with both feet for Durov - the UAE Ministry of Foreign Affairs demanded that France provide the Telegram owner with full consular services.

3 replies8 likes

Nawal
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SELF • 11m

‼️ In a 63-page order, the Registrar of Companies (NCT of Delhi & Haryana), a division of the Corporate Affairs Ministry, stated that LinkedIn India and the aforementioned individuals failed to comply with the SBO regulations stipulated by the Compan

3 replies7 likes

Arcane

Hey, I'm on Medial • 10m

ONE INTERESTING OBSERVATION SERIES DAY #2 With the surge in digital payments, UPI has become the most popular payment method in India. However, it's also the most targeted by fraudsters. In 2022, UPI accounted for a staggering 55% of all fraud case

10 replies10 likes

Shuvodip Ray

Never compromise wit... • 1m

India’s Finance Ministry has ordered the Financial Intelligence Unit (FIU) to investigate WazirX for fraud, following the ₹2,000 crore hack that happened months ago. With over ₹4,500 crore in user funds at risk, criminal charges could be coming soon.