Moneycontrol PRO
HomeNewsBusinessCBI files charge sheet in Biocon case against five persons

CBI files charge sheet in Biocon case against five persons

The agency in its charge sheet filed on August 18 has alleged that the bribe payment was being paid to Joint Drug Controller S Eswara Reddy after clearance from associate vice president of Biocon Biologics L Praveen Kumar, they said.

August 25, 2022 / 17:01 IST
Biocon
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    The CBI has filed a charge sheet against five persons, including a Joint Drug Controller of the Central Drugs Standard Control Organisation(CDSCO) and a Biocon Biologics executive, in a Rs nine lakh bribery case.

    The agency in its charge sheet filed on August 18 has alleged that the bribe payment was being paid to Joint Drug Controller S Eswara Reddy after clearance from associate vice president of Biocon Biologics L Praveen Kumar, they said.

    The agency has also named Dinesh Dua, director at Synergy Network India Private Limited, who allegedly gave the bribe to Reddy, Guljit Sethi, an alleged conduit of Biocon Biologics, as well as assistant drug inspector Animesh Kumar in the charge sheet, they said.

    The bribe was allegedly for favourably recommending the file of Insulin Aspart Injection to the Subject Expert Committee (SEC) meeting on May 18 for waiving the phase 3 clinical trial, they said. The sanction for prosecution against Reddy and other CDSCO officials is awaited, they said.

    In a coordinated operation, the CBI had arrested all five accused. Biocon Biologics, a subsidiary of Kiran Mazumdar Shaw-led Biocon, however, had denied the allegations of bribery.

    "We deny the bribery allegations made in certain media stories. All our product approvals are legitimate and backed by science and clinical data. Our Aspart is approved in Europe and many other countries", the spokesperson had said.

    "We follow the due regulatory process for all our product approvals by DCGI (Drugs Controller General of India). The entire application process in India is online and all meeting minutes are in the public domain. We are cooperating with the investigation agency," the spokesperson had said.

    The company said in an official statement to Moneycontrol, “It is unfortunate that parts of the charge sheet filed in the court have been leaked and some media outlets are carrying stories based on the same. Biocon has not received a copy of the chargesheet yet; hence we cannot comment further in detail.”

    “We follow global best practices in regulatory science which has earned us the distinction of being the only Indian company with the largest number of regulatory approvals for Biosimilars in ICH countries like USA, Canada, EU, Japan and ANZ amongst others.”

    While adding, "The company has not made any payments to Bioinnovat Research or any other party named to facilitate the alleged bribe to the CDSCO official. We deny other allegations on wrong doings in seeking approval for Insulin Aspart under existing provisions and precedence. We reiterate our confidence in the judicial system and have fully cooperated with the investigating agency."

    PTI
    first published: Aug 25, 2022 09:59 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347