India, April 10 -- Byju's Alpha Inc, a US-based subsidiary of Think & Learn Pvt Ltd, which operated the troubled edtech startup Byju's, has sued its parent company, its founder Byju Raveendran, his co-founder, his wife Divya Gokulnath and consigliere Anita Kishore for an alleged theft of $533 million.

The lawsuit states that "each of them co-orchestrated and executed a lawless scheme to conceal and steal $533 million of loan proceeds," according to the company's official statement, which was released on April 9.

Byju's Alpha Inc. is a Delaware-based special-purpose financing vehicle established in 2021 to receive a $1.5 billion term loan.

This new lawsuit follows a Delaware court's recent judgement against Byju Raveendran's brother, Ri...