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No Criminal Case Against Ranbaxy Laboratories (RANBAXY.BO), Daiichi Sankyo, Inc. (4568.t)



11/1/2013 7:24:35 AM

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The Andhra Pradesh government has told the Supreme Court that no criminal case is made out against Ranbaxy and Daiichi top brass in the acquisition of shares of the Hyderabad-based Zenotech Laboratories as the case is civil in nature. “Case is to be referred as civil in nature as no offence is made out against the accused persons... The evidence available on record does not disclose any offences u/s 120(B), 406, 409 of IPC...

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