Highlights

ED arrests 2 Ashoka varsity co-founders
Guptas held in 'bank fraud case'
Guptas left varsity posts after allegations

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ED arrests 2 Ashoka University co-founders in alleged bank fraud case

Name: ED arrests 2 Ashoka University co-founders in alleged bank fraud case
Uploaded: 2023-10-28T21:30:25.000+05:30
Duration: T00M30S
Channel: PTI
Description: ED arrests 2 Ashoka University co-founders in alleged bank fraud case

Gupta brothers have been arrested in an alleged bank fraud case linked to money laundering.

Updated: Sep 02, 2022 10:53

PTI

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ED arrests 2 Ashoka University co-founders in alleged bank fraud case

The Enforcement Directorate has arrested two co-founders of Ashok University based in Sonipat.

Vineet Gupta and Pranav Gupta are also promoters of Chandigarh-based pharma company Parabolic Drugs and the arrest along with the chattered accountant has been made in a money-laundering probe linked to an alleged bank fraud.

The central agency continued with its searches against the group for the second day, including at the Ashoka University's corporate and registered offices in Delhi and campus in Haryana's Sonepat.

The Guptas are the co-founders of Ashoka University but had stepped down from their posts in 2022 after the CBI registered a case against them in 2021.

Frequently Asked Questions

Who was arrested by the Enforcement Directorate?❯

The Enforcement Directorate arrested Vineet Gupta and Pranav Gupta, who are co-founders of Ashoka University and promoters of Parabolic Drugs, along with their chartered accountant.

What are Vineet and Pranav Gupta accused of?❯

What is the connection between the arrested individuals and Ashoka University?❯

Where were the searches conducted by the Enforcement Directorate?❯

When did the Gupta brothers step down from Ashoka University?❯