ED conducts searches against BYJU’s CEO Raveendran, says he never appeared for questioning

The Enforcement Directorate on Saturday said it has searched the Bengaluru-located office and residential premises of Edtech major BYJU’s and its CEO and co-founder Raveendran Byju and seized “incriminating” documents and digital data as part of a foreign exchange violation probe.

A total of three premises, two business and one residential, including that of the registered company — Think & Learn Pvt Ltd — were raided under the provisions of the Foreign Exchange Management Act (FEMA), it said.

The federal financial investigation agency said in a statement it has seized various “incriminating documents and digital data”.