ED upgrades Look out Circular against BYJU's promoter Byju Raveendran
New Delhi (PTI): The Enforcement Directorate has upgraded its Look out Circular (LC) issued against BJYU's founder and CEO Byju Raveendran in connection with a FEMA probe, seeking to stop him from going abroad.
The earlier such alert meant that immigration authorities had to just intimate the agency about his movements through various ports.
Official sources said that the over a year old LC was revised sometime back in light of investors' concerns and ongoing adjudication of a FEMA contravention case against Raveendran and some others.
BYJU's did not comment on the development.
Raveendran is currently stated to be in Dubai.
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The ED has asked the Bureau of Immigration to upgrade the LC against Raveendran so that he is not allowed to go abroad from any Indian land, air or land port before the investigating officer (IO) of the case is informed.
Under the new LC, it will be the decision of the IO to either totally stop his foreign travel or allow him to do so after asking some questions and getting assurances, the sources said.
The LC in operation till now against Raveendran only stipulated the immigration authorities to inform the ED about his entry and exit from the country. The agency, in November last year, had slapped a foreign exchange violation show cause notice of more than Rs 9,300 crore against BYJU's and Raveendran.
The federal probe agency spelled out multiple grounds for charging the ed-tech company and its chief promoter that included charges of "failing" to submit documents of imports against advance remittances made outside India; failing to realise proceeds of exports made outside India by delayed filing of documents against the Foreign Direct Investment (FDI) received into the company, among others.
The Karnataka High Court on Wednesday had refused to stay an emergency shareholder meeting called by select investors of Think and Learn Pvt Ltd - the owner of BYJU'S - to oust Raveendran and his family from the leadership in the edtech firm.
The court gave an interim relief that any resolution passed at the EGM scheduled on Friday cannot be implemented before the next court hearing.
Select shareholders of BYJU'S have issued an EGM notice to be held on February 23, demanding a change in leadership of the edtech firm while alleging several anomalies in their functioning.
Meanwhile, Raveendran issued a letter to shareholders on Wednesday appealing all investors to participate in the USD 200 million rights issue floated by the company. He later shared that the rights issue has been fully subscribed.
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Karnataka ex-MLA, a doctor, saves life of American co-passenger mid air
Bengaluru (PTI): A Karnataka ex-MLA, Anjali Nimbalkar, a doctor by profession, has saved the life of an American woman passenger, who suffered a medical emergency mid-air during a Goa–New Delhi flight, official sources said on Sunday.
The incident happened when Nimbalkar, AICC secretary co-incharge of Goa, Daman & Diu, Dadra Nagar Haveli, was travelling to Delhi to attend the "Vote Chori" rally organised by Congress at Ramleela Maidan on Sunday, they added.
Nimbalkar performed cardiopulmonary resuscitation (CPR) and revived the co-passenger, who complained of uneasiness and shivering, fainted and lost her pulse, they said.
Nimbalkar reportedly remained by the patient’s side for the entire duration of the flight, constantly paying attention to her medical needs and comforting her.
Soon after landing at Delhi, the unwell foreign passenger was shifted to a hospital by an ambulance, sources said, adding that Nimbalkar's timely action received praise from passengers and crew members.
Lauding Nimbalkar, Chief Minister Siddaramaiah, in a post on 'X' said, "Deeply moved and incredibly proud to hear about the remarkable presence of mind and compassion shown by former Khanapur MLA Dr Anjali Nimbalkar during a Goa–New Delhi flight. When an American woman suffered a medical emergency mid-air, Dr Anjali instantly rose to the occasion and administered timely CPR, saving a precious life."
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What makes this even more inspiring is that, despite having stepped away from her medical profession and being actively engaged in politics, the doctor within her responded without a second thought, he said, adding that "this selfless act reflects not just professional expertise, but a profound sense of humanity, service, and responsibility toward fellow beings."
"Whether in power or not, leaders like Dr Anjali Nimbalkar stand as shining examples of true public service—always ready to help, without expecting anything in return. Such individuals set a powerful standard for society and remind us of the true meaning of leadership," he further added.
Thanking the CM, Nimbalkar said, she has done her duty as a Doctor.
"It (is) also my job and duty as a doctor to serve in this capacity whenever required. Means a lot coming from you, who himself is an example of social commitment," she said in a post on 'X', replying to the CM.
