MCA refutes recent news reports on Byju’s

There have been recent reports claiming that Byju's has been cleared of financial fraud in an ongoing investigation by the Ministry of Corporate Affairs (MCA).

It is categorically clarified that such reports are factually incorrect and misleading. The proceedings initiated by MCA under the Companies Act, 2013, are still on going and no final conclusion should be drawn in this matter at this stage.

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NB/KMN