Bank fraud case: ED raids pharma company, promoters in money laundering probe
New Delhi (PTI): The Enforcement Directorate on Friday carried out raids at multiple premises of Chandigarh-based pharmaceutical company Parabolic Drugs and its promoters as part of a money laundering investigation linked to an alleged bank loan fraud case, official sources said.
The searches by the central agency covered a total of 17 premises in Delhi, Mumbai, Chandigarh and Panchkula and Ambala in Haryana, they said.
The action is being undertaken under the provisions of the Prevention of Money Laundering Act (PMLA) and the ED case stems from a 2021 CBI FIR against the company and its promoters Vineet Gupta and Pranav Gupta among others, the sources said.
The agency, as per the sources, is also looking at some documents from Sonepat-based Ashoka University as Vineet Gupta and Pranav Gupta have been associated with the educational institution in the past.
The two had stepped down from all the boards and committees of the university in 2022, days after the CBI action.
The University said that the "Enforcement Directorate has sought information in the matter of investigations into the case of Parabolic Drugs where Ashoka University founders, Vineet Gupta and Pranav Gupta are directors."
"Ashoka University reiterates that Parabolic Drugs is in no way linked to Ashoka University. Ashoka University has no past or current relationship with Parabolic Drugs, the company being investigated, and any attempt to create a link is without any basis and misleading."
"Vineet and Pranav Gupta are two among the more than 200 founders and donors of Ashoka University, who have contributed to Ashoka's creation and growth in their personal philanthropic capacity and whose individual businesses have absolutely no bearing on the university," it said in a statement.
The CBI had booked the top executives of the company in December, 2021 for allegedly defrauding a consortium led by Central Bank of India of Rs 1626.74 crore. It had subsequently raided their premises also.
Besides the managing director Paranav Gupta, the CBI booked a number of company directors like Vineet Gupta, Deepali Gupta, Rama Gupta, Jagjit Singh Chahal, Sanjeev Kumar, Vandana Singla, Ishrat Gill, and its guarantors TN Goyal and Nirmal Bansal, and one J D Gupta.
According to CBI officials, the private company was engaged in manufacturing drugs and allegedly defrauded the consortium of banks through criminal conspiracy and forgery, and funnelled loans it took for other uses.
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ASHA workers threaten indefinite strike from Feb 27 over rationalisation order, pending demands
Bengaluru: ASHA workers in Karnataka have warned of launching an indefinite strike from February 27, protesting a health department order to rationalise the workforce and alleging that long-pending demands have not been addressed.
The Karnataka State Joint ASHA Workers’ Association criticised the department’s decision to increase the population assigned to each ASHA worker, arguing that it violates existing norms and would lead to large-scale job losses. According to current norms, one ASHA worker is assigned for every 1,000 individuals. Under the current rationalisation plan, the allotted population in rural regions has been increased to up to 2,000, while in metropolitan areas with populations more than 50,000, the number has been raised from 1,000 to a minimum of 2,500 and a maximum of 3,000.
Deccan Herald quoted D Nagalakshmi, state secretary of the ASHA Union affiliated to AITUC, as saying the department had conveyed that an honorarium of ₹10,000 could not be ensured unless the population coverage per worker was increased. She alleged that workers were effectively being asked to accept higher workloads while excess ASHAs would be removed. “This would render nearly 7,000 to 8,000 ASHA workers jobless, and such a move is being carried out only in Karnataka,” she said.
At present, the state government pays ASHA workers a monthly honorarium of ₹5,000, while the Centre provides performance-based incentives. Workers said accessing these incentives has become difficult as data must be entered on the ASHA portal by primary health community officers, but vacancies in these posts have not been filled.
The workers have also submitted a set of pre-Budget demands, seeking an increase in the combined state and central incentives to ₹15,000 and enhancement of the state honorarium to ₹ 8,000, in line with promises made in the Congress election manifesto. Other demands include a lump-sum retirement benefit on the lines of West Bengal, creation of a corpus fund to meet treatment expenses of ASHA workers suffering from serious illnesses with reimbursement provisions, and payment of a fixed monthly honorarium for up to three months during recovery from severe illness.
ASHA workers had staged an indefinite protest in January over similar issues. On the fourth day of the agitation, Chief Minister Siddaramaiah intervened and assured the workers that their demands would be met.
