Byju Raveendran, who was today ordered by the Singapore Court to jail, has broken his silence and has opined that the order of the court is on the matter of disputes over document disclosure in ongoing proceedings. He cited that the court order does not reflect a crime committed related to “fraud, dishonesty, or any wrongdoing.”

Byju also said that the tussle between the lenders and the founders of the company has been at a standstill for the last three months.

Immediately after the news got viral that Byjus has been sentenced for 6 months in Singapore, Byju Raveendran issued a statement that there are active discussions happening behind the scenes that will lead to a comprehensive settlement.

Comprehensive Settlement on the verge?

In the clarification statement, Byju Raveendran has also said that there is going to be a comprehensive settlement as all the parties have concluded the settlement discussions.

He said that he was extremely disappointed to see that the report of his Singapore Contempt order had been covered in a manner that led to a misleading impression about him.

Raveendran and his ed-tech company Byjus has been battling proceedings against investors over allegations of fraud and misappropriation.

Byju’s parent company, Think & Learn, is facing insolvency proceedings in India as of now.