ED seeks look out circular against Byju Raveendran amid ongoing probes

The Enforcement Directorate (ED) has requested the Bureau of Immigration (BOI) to issue a revised look-out circular (LOC) against Byju Raveendran, the founder and CEO of the troubled edtech firm Byju’s, as per a report by Economic Times. The central agency approached BOI earlier this month, seeking to ensure that Raveendran remains within the country.

An LOC ‘on intimation’ had previously been issued against Raveendran more than a year and a half ago, following a request from the ED’s Kochi office. However, the investigation was subsequently transferred to the agency’s Bengaluru office.