Centre orders inspection of Byju’s account books: Report

Ministry of corporate affairs has ordered an inspection into the embattled edtech startup Byju’s account books and has sought a report in six weeks, Bloomberg News reported on Tuesday.

Based on the findings, the ministry will decide if the matter needs to be escalated to the Serious Fraud Investigation Office (SFIO), which is part of the MCA, Bloomberg reported, citing people familiar with the matter.

However, a law firm advising Byju’s said the company had not yet received any communication from the MCA.