The <a href="https://www.mid-day.com/news/india-news/article/ed-arrests-bengal-minister-jyotipriyo-mallick-in-money-laundering-case-23316689" target="_blank" rel="none noopener">Enforcement Directorate (ED)</a> 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, <a href="https://www.mid-day.com/search/mumbai-articles" target="_blank" rel="none noopener">Mumbai</a>, 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.
Further details are awaited.
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ED conducted searches at 17 locations across the country on Friday in connection with the Rs 1600 crore alleged bank fraud case, sources said

Rs 1600 cr bank fraud case: ED raids locations in Delhi, Punjab, Maharashtra

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Home / News / India News / Article / Rs 1600 cr bank fraud case: ED raids locations in Delhi, Punjab, Maharashtra

Rs 1600 cr bank fraud case: ED raids locations in Delhi, Punjab, Maharashtra

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