In a recent development that has sent shockwaves through India’s corporate landscape, the Enforcement Directorate (ED) has set its sights on Byju’s founder Byju Raveendran, alleging Foreign Exchange Management Act (FEMA) violations to the tune of ₹9,362 crore. The saga, which unfolds against the backdrop of one of India’s most prominent ed-tech giants, raises pertinent questions about compliance, governance, and the intricacies of foreign investment regulations. The ED’s decision to seek a...