Byju Raveendran Gave Ally $10000 Ticket To Flee To Dubai A Day Before Testimony - Report | Details

The founder of Byju’s, Byju Raveendran, allegedly tried to persuade a businessman William R Hailer to leave the US to avoid testifying in federal court about questionable activities he witnessed while working with Byju.

Hailer, who is from Nebraska, reportedly testified during a court hearing on Thursday, November 21 - Bloomberg reported.

Byju's Revelation: What Was The Issue Between Byju Raveendran And Hailer?

According to the Bloomberg report, Raveendran reaffirmed a job offer with a $500,000 salary to Hailer, and handed him a $10,000 ticket to Dubai just two days prior to when Hailer was scheduled to testify in court against Ravindran's reported efforts to gain control of part of Byju's educational empire.

A copy of the ticket was presented to the US Bankruptcy Judge John T Dorsey during a hearing in Wilmington, Delaware, states the report. “He encouraged me not to testify,” Hailer reportedly alleged. “He said I should come to Dubai and he said the salary would start on day one," Bloomberg quoted. The judge said the allegations warrant referring the matter to federal prosecutors.

What's The Issue With Byjus?

Byju Ravindran, the founder of Byju's has been struggling to gain control over his business empire which is under court supervision in India and the US.

“Over the past several months, I have been used as a pawn in Byju’s manipulation of the law,” Hailer wrote in testimony filed earlier this week. He is set to testify on Friday in federal court on behalf of a trustee, who plans to sell Epic! to raise funds for Byju’s creditors, including US lenders, as per Blooberg's report.

Raveendran has denied any wrongdoing in previous responses to lender allegations, arguing that his actions were a justified response to the aggressive tactics used by creditors who specialise in extracting money from distressed companies.

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