Parabolic Drugs allegedly involved in causing losses worth ₹1,627 cr to Central Bank of India, other banks; accused include its directors Pranav and Vineet Gupta, both among the founders of Ashoka University
The Enforcement Directorate has filed a prosecution complaint against Parabolic Drugs Limited and others, including two individuals who are among the founders of Ashoka University, in a money laundering case involving an alleged ₹1,627 crore bank fraud.
Among those arraigned as accused were the company’s directors, Pranav Gupta and Vineet Gupta, as well as chartered accountant Surjeet Kumar Bansal. The special court concerned has taken cognisance of the prosecution complaint.
