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 CEO 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, were raided recently under the provisions of the Foreign Exchange Management Act (FEMA), it said in a statement.

The agency said it has seized various incriminating documents and digital data.

It said the action was taken on the basis of “various complaints” received by private people and alleged that Raveendran Byju was issued “several” summons but he remained “evasive and never appeared” before the ED.