Ashoka University co-founders resign

New Delhi, 7 January

Ashoka University’s co-founders Vineet Gupta and Pranav Gupta have resigned from all boards and committees of the university, days after the CBI registered a case in the Rs 1,600-crore fraud case, while the institute has refused any way out of the matter. relationship is denied.

The CBI has charged the Gupta brothers with alleged fraud of Rs 1,626 crore in connection with their Chandigarh-based pharmaceutical company, Parabolic Drugs.

The Sonepat-based private university clarified that it had nothing to do with the CBI probe into Parabolic Drugs Ltd and its directors, and any attempt to forge links was “frivolous and misleading”.

“The university has over 200 founders and donors who have made philanthropic contributions to Ashoka,” it said. – tns