Govt report finds no financial fraud but corporate governance lapses at Byju’s
Embattled edtech firm Byju’s did not siphon off funds or manipulated accounts, a year-long investigation by the government has found.
Marketing Communication and Advertising Limited, a State Government Enterprise, providing advertising and other communication-related services, has donated Rs One crore from its profits for the year 2019-20 to Chief Minister’s Relief Fund.
While most of the sectors suffered due to COVID-19 during the past year, the Company has strived hard to provide quality services thereby assuring profitability.
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In the presence of Jagadish Shettar, Minister for Large and Medium Scale Industries and Gaurav Gupta, IAS, Additional Chief Secretary, Commerce and Industries Department, Chairman, C Munikrishna, Directors Veeresh Sangalad & HR Thirthalingappa and Siddalingappa B Pujari, Managing Director, presented the cheque.
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Under the able and dynamic leadership of the Chairman and the Managing Director, the Company is constantly working towards fulfilling its social responsibilities and today’s donation is just a small example.
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