[ad_1]
The LOC ‘on intimation’ results in immigration authorities informing a probe agency about the individual going overseas
Look-out circular (LOC) ‘on intimation’ has already been issued against Byju Raveendran
New Delhi: The Directorate of Enforcement (ED) has asked the Bureau of Immigration (BOI) to issue a look out circular (LOC) against Byju Raveendran, founder and CEO of the eponymous, embattled edtech company Byju’s, people with knowledge of the matter told ET. The central agency approached BOI earlier this month to issue a fresh LOC to ensure that Raveendran does not leave the country.
An LOC ‘on intimation’ has already been issued against Raveendran. It was opened more than one and a half years ago at the request of the ED’s Kochi office. However, the investigation was later transferred to the Bengaluru office of the agency.
The LOC ‘on intimation’ results in immigration authorities informing a probe agency about the individual going overseas but the person is not stopped from leaving the country.
ED has opened a look-out circular against Byju Raveendran founder of Byju’s.
Look-out circular (LOC) ‘on intimation’ has already been issued against Raveendran
The LOC ‘on intimation’ results in immigration authorities informing a probe agency about the individual going overseas but the person is not stopped from leaving the country.
#Circular #Byjus #Founder #Raveendran
[ad_2]
Source link
