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.
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
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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 crore bank fraud case: ED raids locations in Delhi, Punjab, Maharashtra, Haryana

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

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

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