BUSINESS

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BUSINESS

BYJU'S account books to be inspected

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Scrutiny of BYJU'S books

BYJU'S account books face inspection by India's Ministry of Corporate Affairs (MCA). MCA sought a report within six weeks.

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BYJU'S growing troubles

BYJU'S undergoes MCA inspection after losing three directors and an auditor. It is also grappling with creditors over a $1.2 billion term loan.

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SFIO probe is possible

MCA will inspect BYJU'S account books to assess the company's affairs and determine if a Serious Fraud Investigation Office (SFIO) probe is necessary.

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Auditor quits BYJU'S

MCA investigates BYJU'S after Deloitte resigns as auditor, citing delays in accessing financial records for FY22 statement, due by September 2022.

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Government suspicious

Auditor resignation and financial statement delay prompted the government to consider SFIO's involvement in account inspection.