Archive · 19 Aug 2025
LOC Issued Against Man in Fake Ozempic Scam
A man named Vicky Ramancha is in trouble for allegedly selling fake Ozempic, a medicine for diabetes, to a company in the US.
He tricked the company into paying a lot of money by using fake documents.
The police have filed a case against him, and he's not allowed to leave the country.
The company never received all the medicine they paid for, and the police are investigating the situation.
A lookout circular (LOC) was issued against Vicky Ramancha for selling fake Ozempic.
Ramancha allegedly sold fake Ozempic worth Rs 180 crore to a US-based firm.
Ramancha's subsidiary signed a deal with Assure Global for 1.25 lakh doses of Ozempic.
Assure Global made payments totaling $18,834,382 but didn't receive the first consignment.
The Delhi Police filed an FIR against Ramancha, and his bail plea was rejected.
- Who
- Vicky Ramancha and his firms, along with the US-based company Assure Global LLC.
- What
- Vicky Ramancha is accused of selling fake Ozempic to a US firm.
- When
- The deal was signed in July 2023 and payments occurred between September and December 2023.
- Where
- The transactions involved the US, China, and India.
- Why
- Ramancha allegedly committed fraud for financial gain.
Assure Global View
Ramancha's View
Victim of the scam
Assure Global View
The US firm was defrauded.
Ramancha's View
Ramancha's defense is not mentioned in the articles.
- Accused
- Vicky Ramancha
- Fake Product
- Ozempic
- Value of Fraud
- Rs 180 crore
- Buyer
- Assure Global LLC (US)
- FIR Filed
- Yes
- Bail Plea Status
- Rejected
- Manufacturer
- Novo Nordisk (original)