Hyderabad: Life Care Drugs MD arrested
Hyderabad: The Anti-Corruption Bureau (ACB) arrested another director of a pharmaceutical company for his involvement in the ESI scam. The investigators picked up Baddam Sudhakar Reddy, MD of Life Care Drugs and Pharmaceuticals, on a charge of corruption.
He is the eighth person to be arrested in the ESI case. Earlier, another pharma director, and seven government officials, including three doctors serving in the Insurance Medical Services, were taken into custody. The arrested persons are accused of preparing fake indents and falsification of records in violation of the rules for purchasing medicines and surgical kits, thereby causing a loss of Rs 11.69 crore to the exchequer.
The probe revealed that Baddam Sudhakar Reddy personally pursued and met the former IMS director Dr Ch. Devika Rani and colluded with her. They colluded to get him a purchase order of Rs 8.25 crore. The investigators found that there was no specific reason for placing such a huge order to M/s Life Care Drugs and Surgicals.