Byju's Founder Sentenced to Six Months in Jail for Contempt of Court

2 hours ago

Synopsis

Byju Raveendran, founder of the failed Indian tech firm Byju's, has been sentenced to six months in jail by a Singapore court for contempt. The court found he disobeyed multiple orders concerning his assets. This latest setback comes as foreign investors, including Qatar Investment Authority, pursue him globally to recover losses.

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Agencies

Byju Raveendran, founder, Byju's

The founder of failed Indian technology firm Byju’s was sentenced to six months in jail by a Singapore court for contempt, according to people familiar with the matter.

Byju Raveendran was ordered to serve jail time after the court said he had disobeyed multiple orders related to his assets dating back to April 2024.

He has been instructed to surrender himself to officials, pay costs of S$90,000 ($70,500) and provide documents proving his legal ownership of Beeaar Investco Pte, a corporate entity that held shares in a related company.

This editorial summary reflects ET Tech and other public reporting on Byju's Founder Sentenced to Six Months in Jail for Contempt of Court.

Reviewed by WTGuru editorial team.

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