Byju Raveendran—US court found $533M fraudulently transferred from BYJU's Alpha to obscure hedge fund
Delaware Bankruptcy Court Judge John Dorsey ruled that $533 million from a $1.2 billion loan was fraudulently transferred from BYJU's Alpha Inc. to Camshaft Capital Fund, a hedge fund run by a man in his mid-20s operating out of an IHOP in Miami. The court found Think & Learn actively misled lenders into believing funds remained in cash equivalents. Court filings alleged the money was routed through intermediaries to Byju's Global Pte Ltd, a Singapore entity wholly owned by Byju Raveendran. Raveendran denies orchestrating fraud, claiming funds were used for legitimate international expansion.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Corporate Transparency | -against | primary | -1.00 |
| Overall incident score = | -1.180 | ||
Score = avg(topic contributions) × significance (critical ×2) × confidence (0.59)
Evidence (1 signal)
Delaware Bankruptcy Court ruled $533M was fraudulently transferred from BYJU's Alpha
Judge John T. Dorsey found Byju's Alpha Inc., director Riju Ravindran, Think & Learn Pvt Ltd, and Camshaft Capital Fund guilty of fraudulent transfers. The $533 million from a $1.2 billion loan was transferred to Camshaft Capital, a hedge fund operating out of an IHOP in Miami, run by a man in his mid-20s with minimal financial experience.