​As of April 11, 2025, there are no new developments regarding the legal proceedings involving Byju’s founders and the $533 million fund transfer. The most recent information dates back to March 2025, when a U.S. bankruptcy court ruled that Byju’s officials, including founder Byju Raveendran and his brother Riju Ravindran, violated fiduciary duties by fraudulently transferring $533 million to a small hedge fund in Miami to keep it out of lenders’ reach. The court ordered the freezing of these funds and mandated compliance from the involved parties. Additionally, the court ordered the arrest of William Morton, founder of Camshaft Capital, for refusing to disclose information about the fund transfer. Since then, there have been no further publicized updates on this matter.

Sources