BYJU'S—$533 million in loan proceeds went missing, allegedly redirected to entity controlled by founder
Court documents revealed $533 million (44% of a $1.2 billion loan) went missing, allegedly redirected to an entity controlled by Byju Raveendran. A US bankruptcy court penalized director Riju Ravindran $10,000/day for contempt in August 2024. The funds were allegedly transferred to Camshaft Capital, a hedge fund found to be at a pancake shop address run by a 23-year-old. A $1.07 billion judgment was issued November 2025.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Overall incident score = | -0.885 | ||
Score = avg(topic contributions) × significance (high ×1.5) × confidence (0.59)
Evidence (1 signal)
$533 million in loan proceeds went missing, allegedly redirected to entity controlled by founder
Court documents revealed $533 million (44% of a $1.2 billion loan) went missing, allegedly redirected to an entity controlled by Byju Raveendran. A US bankruptcy court penalized director Riju Ravindran $10,000/day for contempt in August 2024. The funds were allegedly transferred to Camshaft Capital, a hedge fund found to be at a pancake shop address run by a 23-year-old. A $1.07 billion judgment was issued November 2025.