Byju Raveendran, the embattled founder of edtech giant Byju's, has been sentenced to six months in jail by a Singapore court for contempt. The ruling adds to a growing list of legal troubles facing the once-celebrated entrepreneur.
The Singapore court directed Raveendran to surrender to authorities, pay legal costs of S$90,000, and provide documents proving his ownership of Beeaar Investco Pte, a corporate entity that held shares in a related company.
This latest ruling is linked to a dispute with a subsidiary of Qatar Investment Authority, which had invested in Byju's during one of the company's later funding rounds.
Raveendran is also battling lenders in the United States over a soured $1.2 billion loan, with US courts holding him in contempt and imposing daily sanctions over non-compliance with disclosure orders.
Byju's has faced a series of legal troubles, including shareholder revolts, board resignations, and insolvency proceedings in India, after the company's valuation collapsed from its peak of nearly $22 billion.
