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India’s crime-fighting company searched three premises of edtech large Byju’s and its founder Byju Raveendran, it stated Saturday, and seized varied “incriminating” paperwork and digital knowledge.

The Enforcement Directorate stated it performed the searches underneath the provisions of the nation’s anti-money laundering legislation, however declined to elaborate. The company has performed a number of related probes in current months, together with at crypto agency WazirX, phonemaker Vivo and information broadcaster the BBC.

The Bengaluru-headquartered Byju’s, which is India’s most valuable startup and which counts BlackRock, Sequoia India, Lightspeed Venture Partners India, UBS amongst its backers, termed the searches as “a routine inquiry,” and stated the startup maintains full transparency with the authorities.

“We have nothing but the utmost confidence in the integrity of our operations, and we are committed to upholding the highest standards of compliance and ethics. We will continue to work closely with the authorities to ensure that they have all the information they need, and we are confident that this matter will be resolved in a timely and satisfactory manner. We want to emphasize that it is business as usual at Byju’s,” a spokesperson of Byju’s authorized staff stated in an announcement.

“We are committed to delivering high-quality educational products and services to our customers across India and the world. We remain focused on our mission to transform the way students learn and prepare for their future.”

ED’s assertion comes at a time when Byju’s is closing a big funding spherical and is gearing up for the IPO of its subsidiary unit physical tutor chain Aakash.