TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    BJP Ramps Up Protests Against Congress Plan to Split BBMP

    BJP Ramps Up Protests Against Congress Plan to Split BBMP, Cites Political Conspiracy

    TMC’s Bangla-Only Whip: Regional Pride or Linguistic Bullying?

    TMC’s Bangla-Only Whip to MPs: Regional Pride or Linguistic Bullying?

    Ahead of Operation Sindoor Debate, Congress Faces Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus

    Congress’ Operation Sindoor Debate Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K

    Ex-Pak Para Commando, Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K Encounter

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    Landmark US Tech Transfer: India to Produce V-BAT Drones

    US Origin V-BAT Drones to Be Made in India Under Rare Defence Deal

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Modi-Muizzu Meet Yields Breakthrough Pacts, From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel

    How Rajabet Casino is Innovating Online Betting in India’s Competitive Market?

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    BJP Ramps Up Protests Against Congress Plan to Split BBMP

    BJP Ramps Up Protests Against Congress Plan to Split BBMP, Cites Political Conspiracy

    TMC’s Bangla-Only Whip: Regional Pride or Linguistic Bullying?

    TMC’s Bangla-Only Whip to MPs: Regional Pride or Linguistic Bullying?

    Ahead of Operation Sindoor Debate, Congress Faces Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus

    Congress’ Operation Sindoor Debate Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K

    Ex-Pak Para Commando, Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K Encounter

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    Landmark US Tech Transfer: India to Produce V-BAT Drones

    US Origin V-BAT Drones to Be Made in India Under Rare Defence Deal

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Modi-Muizzu Meet Yields Breakthrough Pacts, From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel

    How Rajabet Casino is Innovating Online Betting in India’s Competitive Market?

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Founders of Ashoka University get caught in a Rs 1,626 crore scam

Abhishek Kumar Singh by Abhishek Kumar Singh
8 January 2022
in Trending
Ashoka University, Founders, CBI, Banks
Share on FacebookShare on X

Within 7-years of its existence, Ashoka University has chalked out a controversial space for itself. The series of controversies does not look to stop. Now, its founders are set to face scam charges running in crores.

Ashoka University founders charged for siphoning funds

According to a report by NDTV, founders of infamous Ashoka University are facing CBI investigations for siphoning-off funds. The names of co-founders are Pranav Gupta and Vineet Gupta. They are reported to have fraudulently obtained a total of 1,626 crore rupees.

RelatedPosts

CBI Files Chargesheet Against Former J&K Governor Satyapal Malik in Kiru Hydropower Case

SC Grants Interim Bail to Ashoka University Professor Arrested Over Operation Sindoor Remarks

Fugitive Mehul Choksi Arrested in Belgium in Rs 13,000 Crore PNB Scam Amid Renewed Indian Extradition Efforts

Load More

NDTV report further reveals that they allegedly cheated a total of 12 banks to obtain funds for Parabolic Drugs, their Chandigarh-based pharmaceutical company. Other than Guptas, 10 more people are facing the same allegations. The Guptas are said to have over-promised about the returns for the money they were availing from banks.

Central Bank of India had filed the complaint

Central Bank of India, one of the banks allegedly cheated by Pranav and Vineet had registered a complaint against both co-founders. In its complaint letter, the bank wrote- “The company (Parabolic Drugs) availed bank finance by overstating the value of primary security against which drawings were allowed by the bank,”

Based on the complaint, CBI started to investigate the alleged fraud. In its investigation, CBI found that Guptas followed the same strategy for cheating 11 more banks. These include State Bank of India, UCO Bank, State Bank of Patiala, ICICI Bank, IDBI Bank, State Bank of Hyderabad, Union Bank of India, Bank of Baroda, Exim Bank, Canara Bank, and SIDBI.

Read more: An NPA-ridden Indian banking sector has been “stabilised” by PM Modi, Moody’s says

CBI’s First Information Report

CBI’s First Information Report (FIR) on a complaint filed by Central Bank read, “After having conspired to induce the banks to sanction the funds under the cover of their business needs, the accused deployed devious tactics to mis-utilise the funds and siphon/divert the said funds to avoid repayment and/or personally enrich themselves and thereby causing losses to the banks,”

Read more: With 1 ordinance, PM Modi makes CBI and ED stronger and meaner

To sum it all, according to CBI, Guptas did two kinds of fraud.

  • Firstly, they made false promises of higher return on investment to the lenders (banks).
  • When banks started to demand their money, they used various other tactics to not pay it back. This led to SBI categorizing accounts of Parabolic Drugs as non-Performing assets in 2014. Central Bank of India followed suit.

Based on the evidence available, CBI raided Guptas on December 31, 2021. According to the reports, various documents incriminating Guptas were recovered from the raid site. Moreover, cashes worth 1.58 crores were also recovered by the investigating agencies.

Guptas resign from Ashoka

Meanwhile, Guptas have resigned from all board members and committees of the University. According to a statement by University, they have resigned ‘in keeping with the high standards of governance’. University also said that the institution has nothing to do with Guptas’ personal businesses.

Ashoka University-A brief history

Right from its establishment in 2014, Ashoka University has been known more for its controversies; rather than academic excellence. In 2016, various staff members of the University had signed a petition demanding the plebiscite and removal of armed forces from Kashmir.

Read more: Ashoka University Fiasco: After destroying central universities, left liberal intelligentsia has its eyes set on private universities

Pratap Bhanu Mehta, the former vice-chancellor of the university has been known for not having an academic temperament. In 2021, he had to resign from the university because of this very reason. While criticizing the Modi government, he had called it fascist.

Read more: Pratap Bhanu Mehta walked out of Ashoka University because he was all set to be kicked out if he did not

There are loads of private universities in India promising to ‘reform’ the Indian educational space. Most of the founders are unknown in the public domain. There is little to no due diligence adopted in appointing these founders on university board members. They should be subject to deep and rigorous background checks before their appointment.

Tags: Ashoka UniversityCBIfraudscam
Share10TweetSend
Previous Post

Reliance raises $4 billion in largest-ever currency bonds issue

Next Post

Thailand – A Buddhist country that still holds on to its Hindu past

Related Posts

Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh
Defense

Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

28 July 2025

In a powerful and emotionally charged address in Parliament, Defence Minister Rajnath Singh delivered a rousing defence of Operation...

Ahead of Operation Sindoor Debate, Congress Faces Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus
Analysis

Congress’ Operation Sindoor Debate Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus

28 July 2025

As the Lok Sabha prepares for a high-stakes debate on Operation Sindoor, the Congress Party finds itself in a...

Hindus Face Systematic Persecution in Bangladesh
Trending

World Watches Gaza, Ignores Hindus : Taslima Nasreen Sounds Alarm on Hindu Genocide in Bangladesh

28 July 2025

Exiled author Taslima Nasreen has taken to X (formerly Twitter) to expose the persecution of Hindus in Bangladesh, warning...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Should the HR&CE Exist? The Controversial Control Over Hindu Temples in Tamil Nadu

Should the HR&CE Exist? The Controversial Control Over Hindu Temples in Tamil Nadu

00:06:31

Will India Buy F-35s from US or Build Su-57s with Russia? IAF’s Big Push Explained

00:08:32

PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

00:07:57

One Woman. Two Brothers. Jodidaran- A Living Example of Polyandry in Himachal's Hatti Tribe.

00:05:32

Lashkar-e-Taiba on the Run from Muridke: Is Bahawalpur Becoming Pakistan’s New Terror Capital?

00:07:26
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited