7Photo© hindustantimes.com2 Ashoka University Founders Among 3 Arrested For Alleged Money Laundering
The Enforcement Directorate (ED) made arrests on Saturday in connection with a money laundering investigation involving an alleged bank fraud. Two promoters of the Chandigarh-based pharmaceutical company Parabolic Drugs and a Chartered Accountant were arrested under the provisions of the Prevention of Money Laundering Act (PMLA), news agency PTI reported citing official sources.
According to the report, the individuals apprehended in this case include Parabolic Drugs promoters Vineet and Pranav Gupta, as well as Chartered Accountant S K Bansal. They are expected to appear before a special PMLA court in Chandigarh, where the ED will seek custody of them.
As per the report, it's worth noting that Ashoka University, which is based in Sonepat, was founded by Vineet and Pranav Gupta. However, after the Central Bureau of Investigation (CBI) filed a case against them and the company in 2021, they resigned from their positions at the educational institution in 2022.