India, Nov. 17 -- BYJU'S cofounder Byju Raveendran has categorically denied allegations made in the US Delaware Bankruptcy Court that he diverted $533 Mn belonging to the edtech's US-based entity BYJU'S Alpha, calling the claims "false, misleading and defamatory".

Speaking with Inc42, he said the debtors' arguments relied on a "selective and incomplete" declaration made by UK-based OCI CEO Oliver Chapman and insisted that forthcoming filings will rebut "each of the assertions made".

"Chapman's testimony is full of conjectures and selective insinuations and does not substantiate any claim of wrongdoing by the founders of BYJU'S. At most, his declaration reflects his limited knowledge of specific expenditures undertaken by OCI; it does no...