ED files prosecution complaint against Parabolic Drugs and others in bank fraud case The Enforcement Directorate has filed a prosecution complaint against Parabolic Drugs Limited and others. The Hindu · Feb 4, 2024
Parabolic Drugs case: ED recovers assets worth ₹114 crore The Enforcement Directorate (ED) searches in the ₹1,626.74-crore bank loan fraud case against Parabolic Drugs Limited and others have resulted in the seizure of assets worth about ₹114 crore. The Hindu · Nov 4, 2023
ED arrests Parabolic Drugs promoters in alleged bank fraud case Parabolic promoters Vineet Gupta and Pranav Gupta and Chartered Accountant S.K. Bansal were taken into custody The Hindu · Oct 28, 2023
ED conducts searches in Parabolic Drugs case ED searches 17 locations in multiple cities in ₹1,626.74 crore bank loan fraud case involving Ashoka University founders, Vineet and Pranav Gupta. CBI registered case in Dec 2021 alleging Parabolic Drugs and 11 others cheated consortium of 12 banks. Ashoka University clarifies no past/current relationship with Parabolic Drugs; founders' individual… The Hindu · Oct 27, 2023