Rs 157 crore Ozempic scam: Court tightens grip on Vicky Ramancha
India, Sept. 4 -- In the latest judicial development in the multi-million-dollar pharmaceutical fraud probe, a Delhi Court has dismissed a criminal revision petition filed by key accused Vicky Ramancha as the investigation moves swiftly to catch his absconding co-accused, Swapnadip Roy. The criminal prosecution stems from an international scam in which a US-based firm, Assure Global LLC, was fraudulently induced to pay $18,834,382 (approx. Rs 157 crore) for 125,000 units of Ozempic - a popular diabetes and weight-loss medication. A complaint filed last year by the US firm alleged that Ramancha, CEO of R & R Global Procurement Corporation, created fraudulent certificates of origin and trade documentation to build credibility, initially mak...
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