India, March 5 -- Byju's Alpha emerged as a US-based subsidiary of Byju's in 2021 to handle financial operations from its $1.5 billion loan. The company defaulted on its loan obligations which resulted in legal disputes with its lenders. Byju Raveendran and his brother Riju Ravindran together with Camshaft Capital Fund and Byju's parent company Think & Learn received a negative decision from the US Bankruptcy Court in Delaware on February 28, 2025. A court convicted the defendants of fraud because they moved $533 million illegally from Byju's Alpha. The court classified these transactions as theft because the funds were transferred to Camshaft Capital Fund which investigators determined was a fake entity. Riju Ravindran breached his direc...