22
Nov
The Enforcement Directorate (ED) said on Tuesday that the adjudicating authority under the Foreign Exchange Management Act (FEMA) has issued a show-cause notice to BYJUS's parent company Think and Learn Pvt Ltd and CEO Byju Raveendran based on the complaint. 9,362.35 crore of FEMA has been booked against them. The agency said it has initiated an investigation based on various complaints regarding foreign investment received by companies such as M/s Think and Learn Pvt Ltd and the firm's business conduct. "The company was also said to have made substantial foreign remittances outside India and investments abroad, which allegedly violated the…