The Enforcement Directorate (ED) has attached assets, including 24 immovable properties worth ₹82.12 crore, in connection with the alleged bank fraud case involving Parabolic Drugs Limited, its directors and others.
“These attached properties are relatable to the Proceeds of Crime (PoC) as acquired by Pranav Gupta, Vineet Gupta, Chartered Accountant Surjeet Kumar Bansal, their family members, and others, under the Prevention of Money Laundering Act (PMLA),” the agency said on March 27.
The ED’s probe is based on a First Information Report (FIR) registered by the Central Bureau of Investigation (CBI) in 1988 against Parabolic Drugs Ltd., its promoter-directors Mr. Pranav and Mr. Vineet, and others.
