27 October,2023 12:31 PM IST | New Delhi | ANI
Representational Pic
The Enforcement Directorate (ED) conducted searches at 17 locations across the country on Friday in connection with the Rs 1600 crore alleged bank fraud case related to Parabolic Drugs Ltd, according to sources.
Sources said the searches were conducted under the Prevention of Money Laundering (PMLA) at locations in Delhi, Mumbai, Chandigarh, Panchkula and Ambala.
In this case, Parabolic Drugs Ltd and its directors/promoters, Pranav Gupta and Vineet Gupta, have committed bank fraud worth Rs 1,600 crore.
An investigation has revealed that Vineet Gupta and Pranav Gupta are the founding members of Ashoka University.
ALSO READ
PMLA court denies bail to Shiv Sena (UBT) functionary Suraj Chavan
ED arrests retired KIADB officer for conspiring with brokers
NCP (SP) leader Anil Deshmukh says CBI registered another case against him
Delhi excise policy case: SC grants bail to ex-AAP functionary Vijay Nair
ED arrests AAP MLA Amanatullah Khan in money laundering case
Further details are awaited.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
