$18.8M Ozempic Scam: Vicky Ramancha's anticipatory bail rejected by city court
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On Monday, a city court denied anticipatory bail to businessman Vicky Ramancha, the main accused in an alleged $18.8 million international scam involving counterfeit doses of Ozempic, an anti-diabetic medication increasingly used for weight loss.Additional Sessions Judge Saurabh Partap Singh Laler noted that the magnitude of the alleged fraud and the serious health risks associated with exporting fake pharmaceuticals to the US made it unsuitable to grant anticipatory bail.In the order dated August 11, the court stated that the allegations pointed to "a sophisticated transnational fraud operation."[With TOI inputs]
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