
An Indian lawmaker, Karti Chidambaram, called for an investigation into the finances of Byju’s, the country’s most valuable startup, for failing to submit financial statements for the fiscal year that ended in March 2021, which he claims violates a local law, as well as other “loopholes.”
Chidambaram, a Lok Sabha Member from Sivaganga, wrote to the country’s fraud regulator on Wednesday, requesting that they open an investigation into the finances of Byju’s, which, he pointed out, has yet to secure $250 million capital from its most recent funding round announced in March, has fired hundreds of employees, and is looking to acquire an American firm at a valuation of more than $2 billion.








