Thursday, June 13, 2024
More
    HomeHyderabadPharma Companies in Hyderabad Subject to ED Raids

    Pharma Companies in Hyderabad Subject to ED Raids

    Related stories

    National Silk Expo Inaugurated by Padma Shri Awardee Dr Padmaja Reddy

    Padma Shri Awardee Dr. Padmaja Reddy inaugurated the National...

    BRS MLA accuses Ponnam of being involved in Rs 100-crore fly ash scam

    Hyderabad: BRS MLA Padi Kaushik Reddy accused Minister Ponnam...

    Harish Rao calls for appointment letters for AEE positions

    Hyderabad: BRS leader T Harish Rao is calling on...

    The Enforcement Directorate officials conducted raids on various pharmaceutical companies in Hyderabad on Saturday. These raids were carried out at several renowned pharma companies in and around Hyderabad, with at least 15 locations in the city including Banjara Hills, Jubilee Hills, Madhapur and Patancheru being searched by the ED sleuths. The purpose of these raids is yet to be disclosed.

    It is worth noting that earlier this week, licenses of 18 pharma companies were revoked for producing counterfeit medicines. The Drug Controller General of India (DCGI), the drug regulator, inspected 76 companies across 20 states before taking this action. However, the names of these businesses have not yet been disclosed.

    - Advertisement -
    Also read:  Impact of Zero LS Seat: 10 BRS MLAs Considering Switching to Congress

    The Enforcement Directorate is a law enforcement agency in India that investigates economic crimes, money laundering and foreign exchange violations, among other things. Their actions against these pharma companies indicate a possible link to financial irregularities. Further information is expected to be released as the investigation progresses.

    - Advertisement -
    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
    Latest News from Hyderabad, Telangana, India & World!

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here