Losing Weight Led to Losing Crores- LOC issued in Rs. 180 Crore Fake Ozempic Supply Deal
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Summary
Delhi Police issued a lookout circular against Vicky Ramancha, CEO of a pharmaceutical firm, for allegedly defrauding a US company of ₹180 crore in a fake Ozempic supply deal. Ramancha's firm received...
Key Details
Published
21 August 2025 at 04:00 pm
Source
The 420
Channel
fake website
Victim Profile
business owner
State
Delhi
City
New Delhi
Amount Loss Range
> ₹10000000
Fraud Keywords
pharmaceutical fraudfake medicine supplybogus contractsnotarized document fraudcross-border scamcorporate impersonationfalse political connectionsrelabeled drugssupply chain fraudnon-delivery scam
Tags
Digital Footprint
Vicky Ramancha (CEO, suspect)R & R Global Procurement Corporation (fraudulent company)Assure Global LLC (victim company)$18.83 million (transferred amount)Patiala House Court (misused for notarized documents)FIR under Sections 420, 406, and 120B of IPCGoregaon West, Mumbai (suspect's address)1.25 lakh doses of Ozempic (fake supply deal)LOC issued August 2025FIR filed on June 3, 2025