The Enforcement Directorate raided three premises of Byju Raveendran, the founder, and CEO of ed-tech startup BYJUs. ED took this action under the provisions of the Foreign Exchange Management Act (FEMA).

• The raids were conducted at the premises of Byju Raveendran and his company Think and Learn Pvt Ltd.
• According to the agency, the officials seized incriminating documents and digital data during the searches.
• According to the probe agency, the company has received foreign direct investment (FDI) worth Rs 28,000 crore between 2011 and 2023. Apart from this, the company also sent money to different countries in the name of FDI.