Bank fraud: ED arrests 2 promoters, CA of pharma firm, searches Ashoka University

Credit: DNA- Published on October 29, 2023
The case stems from a CBI FIR in which promoters Vineet Gupta and Pranav Gupta and pharma company Parabolic Drugs were booked for allegedly defrauding a consortium of banks of Rs 1,626.74 crore. The Guptas are also co-founders of Ashoka University but had stepped down from their posts at AU in 2022.

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Central Bureau of Investigation

Crime investigating agency of India
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Related news from verified sources

The case stems from a CBI FIR in which promoters Vineet Gupta and Pranav Gupta and pharma company Parabolic Drugs were booked for allegedly defrauding a...
on October 29, 2023 • DNA

The Enforcement Directorate (ED) conducted searches in Delhi, Mumbai, Chandigarh, and Panchkula related to the bank fraud and money laundering investigation...
on October 27, 2023 • IndiaTimes

The Enforcement Directorate has arrested Vineet and Pranav Gupta, promoters of Parabolic Drugs, and their chartered accountant, S K Bansal, in connection with a...
on October 29, 2023 • IndiaTimes

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