Delhi Court Denies Anticipatory Bail in $18.8M Counterfeit Ozempic Export Scam

A Delhi Court refused anticipatory bail to Vicky Ramancha, accused of orchestrating an $18.8 million international fraud by exporting counterfeit Ozempic, an anti-diabetic drug, to the US. 

Judge Saurabh Laler highlighted public‐health risks and India’s reputation as the “Pharmacy of the World,” stressing swift action against pharmaceutical crimes. 

Assure Global LLC alleges Ramancha’s Dubai and US firms faked documents and political links to secure payment for 125,000 doses, which the US FDA later seized.

The Economic Offences Wing registered an FIR under Sections 406, 420, and 120B of the Indian Penal Code (IPC). The court dismissed his bail plea, citing the need for a comprehensive investigation.

[State of Delhi v Vicky Ramancha]