US court filing alleges $533 million was roundtripped for personal use, Byju’s denies

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UK-based OCI Limited claims Byju's founder Byju Raveendran "roundtripped" $533 million loaned to a US SPV for personal use. OCI's founder stated Raveendran intended to divert funds to a Singapore entity. This emerges as Byju's Alpha, now creditor-controlled, seeks court approval for a settlement with OCI.