The Ministry of Corporate Affairs may look into a whistleblower’s allegation against accounting firm EY in a case related to education tech startup Byju’s insolvency process. The whistleblower has come forward with allegations, claiming that the insolvency process of Byju’s was manipulated by US-based lender GLAS Trust with the collusion of EY India and Interim Resolution Professional (IRP) Pankaj Srivastava.
A source close to development told Zee Business: “MCA may ask regional director or transfer this case to the Serious Fraud Investigation Office (SFIO) for looking into the allegation of whistleblower.”
Last year, a regional director at Byju’s submitted an investigation report against the startup.
The source also said…
