Have Nothing To Do With Parabolic Drugs: Ashoka Univ On CBI Probe


“In keeping with the high standards for governance at Ashoka, Vineet and Pranav Gupta have already voluntarily stepped down from all Boards and Committees of the University pending the CBI case and are cooperating fully with the investigations,” as per the statement.

Amid the ongoing Controversy, Ashoka University recently clarified that the Central Board of Investigation’s investigation of Parabolic Drugs and its Directors has nothing to do with the institution. 

The central body (CBI) on December 31, booked top executives of Chandigarh based Parabolic Drugs for allegedly defrauding a consortium led by the Central Bank of India (CBI) of Rs 1626.74 crore.

“The CBI investigation of Parabolic Drugs and its Directors has nothing to do with Ashoka University. Any attempt to create a link is frivolous and misleading,” University said in a statement. 

Co-founders of Ashoka University, Pranav Gupta (also serves as MD of Parabolic Drugs) and Vineet Gupta (one of the directors of the firm) were booked in the same case. 

“The University has over 200 founders and donors who have made personal philanthropic contributions to Ashoka. Their individual business dealings and operations have no connection to the University,” the statement further read. 

Deepali Gupta, Rama Gupta, Jagjit Singh Chahal, Sanjeev Kumar, Vandana Singla, Ishrat Gill, and the firm’s guarantors TN Goyal and Nirmal Bansal, and one J D Gupta, also booked by the CBI, an official told news agency PTI.

“In keeping with the high standards for governance at Ashoka, Vineet and Pranav Gupta have already voluntarily stepped down from all Boards and Committees of the University pending the CBI case and are cooperating fully with the investigations,” as per the statement. 

(With PTI inputs)






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