Photo Credit -  The New Indian Express 

BYJU'S denies claims of delayed PF payments, stating that all PF dues have been cleared until June 2023, and attributes the issue to ongoing authentication problems being addressed with employees and the PF department.

Photo Credit -  Mint 

Media reports had previously suggested that the edtech giant had not settled PF dues for most of its employees.

Photo Credit -  Reuters 

BYJU'S has been facing challenges, with its auditor Deloitte and three board members resigning last month.

Photo Credit -  Inventiva 

Prosus, a backer of BYJU'S, revealed the reason behind the resignation of its representative from the company's board, citing concerns about reporting, governance structures, and disregarded advice.

Photo Credit -  dtnext 

Peak XV (erstwhile Sequoia Capital India), the second-largest institutional shareholder in BYJU'S, explained its VC fund's decision to resign from the board due to the lack of transparency in providing business updates and information to investors.

Photo Credit - Mint 

Bloomberg reported that BYJU'S CEO Byju Raveendran allegedly broke down while defending the company during an investor call in April, following a probe agency's raid and association with possible foreign exchange violations at the company's Bengaluru offices.

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Photo Credit -  Mint

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