Legal
Byju’s Missing $533 Million Stuck in Unnamed Offshore Trust
- Judge says hedge fund must reveal details of disputed transfer
- Lenders to ed-tech firm have been chasing the money for months
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A small Florida hedge fund that allegedly helped Indian tech firm Think & Learn Pvt hide $533 million must reveal where the money is located or face possible sanctions from a federal judge on Monday.
US Bankruptcy Judge John Dorsey in a Friday hearing dismissed an effort by the investment firm, Camshaft Capital Fund, to avoid answering questions about the cash. The missing money is at the heart of a fight between lenders owed $1.2 billion and Think & Learn, the education-tech startup founded by entrepreneur Byju Raveendran.