Deloitte, which was slated to audit Byju's until 2025, has quit with "immediate effect" mid-term, due to "long-delayed" financial statements by the company, according to the auditing firm's resignation letter filed to the regulator.
The three board members include GV Ravishankar, Russell Dreisenstock and Vivian Wu the sources said. Ravishankar and Wu did not immediately respond to calls and messages and Dreisenstock was not reachable. Byju's is also locked in a dispute with lenders, who allege the company hid $500 million, leading it to sue lender Redwood Management.
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