New Delhi, May 27 -- Byju Raveendran, the beleaguered founder of Indian ed-tech startup Byju's has been sentenced to six months in prison by a Singaporean court in connection with a dispute related to the default of a loan received from the Qatar Investment Authority (QIA).

Raveendran's lawyer Michael McNutt said that the default was caused due to the initiation of bankruptcy proceedings against the edtech founder in India.

Raveendran has issued a statement in this regard, saying, "Today's Singapore court matter is a procedural contempt of court order, arising only from disputes over document disclosure in ongoing proceedings - not a finding of fraud, dishonesty, or any wrongdoing on the merits. I have been directed to appear on 15 June...