Byju Raveendran, the founder of Indian technology firm Byju’s, has been sentenced to six months in jail by a Singapore court for contempt, Bloomberg reported on Wednesday, May 27. Byju Raveendran has not just been asked to serve six months in jail, but also instructed to pay $70,500 or ₹67,45,940. Giving the verdict, the court also said that Raveendran had disobeyed multiple orders related to his assets dating back to April 2024.
He has been instructed to surrender himself to officials, and provide documents proving his legal ownership of Beeaar Investco Pte, a corporate entity that held shares in a related company.
(With Blooberg inputs; more details are being added)