Bank fraud: ED arrests 2 promoters, CA of pharma firm, searches Ashoka University

The case stems from a CBI FIR in which promoters Vineet Gupta and Pranav Gupta and pharma company Parabolic Drugs were booked for allegedly defrauding a consortium of banks of Rs 1,626.74 crore. The Guptas are also co-founders of Ashoka University but had stepped down from their posts at AU in 2022.