Property worth Rs 82.12 crore of pharmaceutical company attached: ED action against Chandigarh’s Parabolic Drugs Limited, allegations of Rs 1600 crore bank fraud – Chandigarh News

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  • Property Worth Rs 82.12 Crore Of Pharmaceutical Company Attached. Chandigarh ED Drug Company Property Attach Update| Drug Company Bank Fraud Case Update

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Properties worth about Rs 82 crore of a Chandigarh pharmaceutical company have been attached by the Enforcement Directorate.  - Dainik Bhaskar

Properties worth about Rs 82 crore of a Chandigarh pharmaceutical company have been attached by the Enforcement Directorate.

Taking action against Chandigarh-based pharmaceutical company Parabolic Drugs, the Enforcement Directorate (ED) has attached its 24 immovable properties besides cash, luxury cars, mutual funds, FDR, bank balance. Its total price is said to be Rs 82.12 crore. ED has taken this action under the Prevention of Money Laundering Act 2002. All this attached property has been done with the money earned through bank fraud. The accused have their properties from Ambala, Sonipat in Haryana to Delhi and Gurgaon.

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