Delhi court declines pre-arrest bail for Vicky Ramancha in a $18.8 million global Ozempic fraud case
In a recent development, the Delhi High Court has granted interim protection from arrest to businessman Vicky Ramancha, who is the prime accused in an international scam involving counterfeit doses of the anti-diabetic drug Ozempic. The court's decision comes after the Patiala House Court refused to grant him anticipatory bail earlier in August.
The scam, estimated to be worth US$18.8 million, is an international one that allegedly occurred in multiple countries. The fraudulent activity centres around the drug Ozempic, an anti-diabetic medication. The scam involved supplying fake or relabeled Ozempic doses, with bogus contracts and notarized documents used to legitimize fraudulent transactions.
The Patiala House Court, in refusing bail, emphasized the strategic importance of India's pharmaceutical sector and the threat posed by counterfeit medicines to public health and India's reputation as the "Pharmacy of the World." The court noted the complex cross-border aspects of the fraud and that detailed investigations were necessary, which are not suited for preliminary judicial consideration.
The Delhi High Court has directed that no coercive action be taken against Ramancha until the next hearing on September 22, 2025. Ramancha has been ordered to cooperate with the investigation and appear before the investigating officer on August 25.
This ongoing judicial proceedings reflect the serious nature of the alleged fraud and the risk to public health. The Delhi Police's Economic Offences Wing continues to investigate the case, with the latest update providing temporary relief to Ramancha amid the continued investigation.
[1] The Times of India, "Delhi court refuses to grant bail to Vicky Ramancha in international scam," August 11, 2025. [2] India Today, "Vicky Ramancha gets interim protection from arrest in international scam," August 19, 2025. [3] Hindustan Times, "Delhi High Court grants interim protection to Vicky Ramancha in international scam," August 19, 2025. [4] Business Standard, "International scam involving counterfeit Ozempic: Delhi High Court grants interim protection to Vicky Ramancha," August 19, 2025. [5] Economic Times, "International scam involving counterfeit Ozempic: Delhi High Court grants interim protection to Vicky Ramancha," August 19, 2025.
