**Title:** Divya Gokulnath Denies Loan Misuse Allegations Amid Legal Struggles
**Meta Description:** Divya Gokulnath, co-founder of Byju’s, refutes claims of loan diversion and discusses the challenges of securing legal representation in the U.S.
**URL Slug:** divya-gokulnath-denies-loan-misuse-allegations
**Headline:** Divya Gokulnath Responds to Loan Misuse Allegations and Legal Challenges
Divya Gokulnath, co-founder of Byju’s and wife of the company’s founder-CEO Byju Raveendran, has strongly denied allegations that they diverted loans into personal accounts. In a recent interview, she emphasized their financial struggles, stating they lack the resources to even hire legal representation in the United States. “If we truly had hundreds of millions of dollars, we would have had no trouble affording legal representation,” Gokulnath asserted.
She revealed that they are facing significant challenges in securing legal counsel, with lawyers demanding exorbitant fees. “Today, in the U.S., judgments are passed back to back to us by one court because we don’t have representation,” she explained. Gokulnath shared that some lawyers have requested up to a million dollars to take on their case, questioning, “Where do I get the million dollars from? If we were sitting on 533 million dollars, this would not be the situation, right?”
Byju’s is currently embroiled in legal disputes over unpaid debts in both the U.S. and India. Gokulnath expressed her frustration over the personal attacks directed at her and her husband, calling them “unfair.” She stated, “Honestly, I don’t care about the money. It comes, it goes. For me, it’s about the tarnishing which has happened, which I feel is so unfair.”
Gokulnath emphasized their commitment to building Byju’s as a homegrown success story, stating, “At the time when people were going abroad and setting up their companies because that was much more lucrative, we resisted it. We said, no, this has to be a Make in India story.” She highlighted their dedication to creating products and services in India, aiming to set an example in the education sector.
Additionally, Gokulnath alleged that her husband has been subjected to a “targeted campaign of intimidation and pressure tactics” designed to isolate him. She expressed concern for the impact of these tactics on their mission and vision for Byju’s.
In conclusion, Divya Gokulnath’s statements reflect the couple’s determination to navigate their current challenges while maintaining their commitment to their vision for Byju’s as a leading educational platform.
**FAQ:**
**Q: What allegations have been made against Divya Gokulnath and Byju Raveendran?**
A: They have been accused of diverting loans to personal accounts, which they deny, claiming financial struggles prevent them from hiring legal representation.
