ED raids pharma firm also linked to Ashoka university

The Enforcement Directorate (ED) conducted searches in Delhi, Mumbai, Chandigarh, and Panchkula related to the bank fraud and money laundering investigation involving a Chandigarh-based pharmaceutical manufacturer, Parabolic Drugs, and its promoters, Vineet and Pranav Gupta. The Guptas, who were founder donors of Ashoka University, had their donations considered philanthropic, but they severed ties with the university after the CBI’s FIR in 2021.