gupta: CBI charges Ashoka univ co-founders with 1,626 crore bank fraud | India News

NEW DELHI: The CBI has filed an FIR against Pranav Gupta and Vineet Gupta, co-founders of the Ashoka University, in connection with a case of an alleged bank fraud of Rs 1,626 crore involving their Chandigarh-based pharmaceutical company Parabolic Drugs.
The case was registered on December 31. Apart from the duo, the FIR named 10 others, including the firm, as accused. Other accused named in the FIR are Deepali Gupta, Rama Gupta, Jagjit Singh Chahal, Sanjeev Kumar, Vandana Singla, Ishrat Gill, J D Gupta and T N Goyal and Nirmal Bansal.
The allegations pertain to cheating the Central Bank of India and 11 other banks. The accused allegedly availed huge loans and diverted the funds while using forged documents, the agency said.
The accused have been booked under Sections 120-B (criminal conspiracy) and 463 (forgery) of the IPC. The FIR was followed by raids during which incriminating…

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