logo
logo
  • Home
  • About Tripura
    • Tripura
    • Governon
    • Chief Minister
    • Council of Ministers
  • Tripura
  • National
  • International
  • Lifestyle
  • Spotlight
  • Sports
  • Jobs/Tender
  • Photo Album

ED arrests two co-founders of Ashoka University in money laundering case

By IBNS
Oct 28, 2023..

New Delhi: Two co-founders of the private institution Ashoka University are among three people arrested by the Enforcement Directorate (ED) for alleged money laundering, media reported, citing sources.


The two Ashoka University co-founders, Pranav Gupta and Vineet Gupta, and chartered accountant SK Bansal were arrested by the central agency under the Prevention of Money Laundering Act, or PMLA, reported NDTV.

The arrests came after the ED searched 17 locations in the alleged bank fraud case involving Parabolic Drugs Ltd, promoted by Pranav Gupta and Vineet Gupta.

The Central Bureau of Investigation (CBI) had charged Parabolic Drugs for alleged bank fraud amounting to Rs 1,600 crore, said the report.

The ED started its probe based on the first information report by the CBI.

The Guptas, who co-founded Haryana-based Ashoka University, stepped down from their posts in the institute in 2022 after the CBI filed the case against them and their company in 2021.

The three are likely to be produced before a court in Chandigarh, where the ED will seek their custody.

The promoters and the pharma company allegedly defrauded a consortium led by the Central Bank of India of Rs 1,626 crore.

Leave a Reply
Post comment
Related News
Modi invited to G7 Summit in Canada, Indian PM looking forward to meeting Carney
Jun 6, 2025 ..
S Jaishankar appreciates Central Asian partners for condemning Pahalgam terror attack
Jun 6, 2025 ..
Piyush Goyal, Antonio Tajani discuss India-Middle East-Europe Economic Corridor
Jun 6, 2025 ..
Operation Sindoor reminds Pakistan of its shameful defeat: PM Modi in Katra
Jun 6, 2025 ..
Shashi Tharoor-led all-party Indian delegation meets US VP JD Vance, discusses counter-terrorism
Jun 6, 2025 ..
Newsletter

Subscribe For Northeast Herald News And Receive Daily Updates

logo

Northeast Herald starts its journey from Tripura state capital city Agartala to cover the entire Northeast region of India for the latest news, news photos, and the latest photos to promote the great cultural, historical and traditional identity of the region.

  • Twitter Icon
  • About Tripura
  • About Northeast
  • National News
  • Tripura News
  • International
  • Entertainment
  • Spot Light
  • Article Us
  • Health
  • Lifestyle
  • Top News
  • Sports
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookies Policy
  • Code of Ethic
  • Site Map
  • Rss Feeds

Copyright © Northeast Herald. All Rights Reserved