'Byju’s hid $533 million in hedge fund once run from Miami IHOP'
Wednesday, 13 September 2023
India's ed-tech giant, Byju's, is facing allegations of hiding $533 million in an obscure hedge fund, Camshaft Capital Fund, which claimed its principal place of business was an IHOP pancake restaurant in Miami. Byju's transferred the funds to Camshaft despite the fund's lack of formal investment training. Luxury cars have also been registered under Camshaft's founder's name since the transfer.
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