SINGAPORE: Byju Raveendran has been sentenced to six months in prison by a Singapore court in a contempt case, according to a report by Bloomberg citing people aware of the development.
The court reportedly directed Byju Raveendran to undergo jail time after finding that he had failed to comply with several court orders linked to his assets since April 2024.
According to the report, the court also ordered him to surrender before authorities, pay legal costs amounting to S$90,000 and submit documents establishing his legal ownership of Beeaar Investco Pte, an entity holding shares in an affiliated company.
The ruling marks another setback for the entrepreneur, who is already facing legal challenges from overseas investors in multiple jurisdictions.
In the United States, lenders are attempting to recover losses linked to a disputed $1.2 billion loan associated with the company.
The report stated that it remains unclear whether Byju Raveendran is currently in Singapore or another country.
Byju Raveendran founded Think and Learn Pvt Ltd, widely known as Byju's, which emerged as one of India's biggest edtech startup success stories during a period of strong global investor interest in Indian technology firms.
He is presently facing legal action in Singapore from a subsidiary of the Qatar Investment Authority, which had invested in the company during a period when Byju's was downsizing operations and cutting jobs.
According to the report, Qatar Holdings was represented in the matter by Drew and Napier, while Byju's Investments was represented by Fervent Chambers.