Published On : Sat, Jan 28th, 2017

Wadi medicine distributor at large after committing Rs 75 lakh fraud

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Nagpur:
A curious case of fraud by a medicine distributor in Wadi has baffled the pharma companies to such an extent that they are now revisiting their deals with the distributors. Wadi police has been on the hunt for the accused Dinesh Chandra Gupta who owns a Chandra Enterprises in Wadi. Gupta has allegedly prepared fake orders of ordnance factory and military hospitals to procure medicines at subsidised rates from Mumbai based Indoco Remedies Limited and sold those medicines in the open market in Nagpur. Over a period of three years, Gupta has caused the loss of Rs 75 lakh to the company.

Police informed that the accused medicine distributor Dinesh Chandra Gupta has been absconding ever since the case was registered against him. Wadi API RL Shinde, who is investigating the case, informed that though the amount of fraud is unlikely to increase but there are chances that more people are involved in this fraud. “We are looking into the matter and soon bring more people to book,” Shinde said.

Shinde said that Gupta, a distributor of Indoco Remedies Limited used fake letter heads of ordnance factory and military hospitals to purchase the medicines at subsidised rates and sold the medicines in open markets. Gupta has allegedly defrauded the company to the tune of Rs 75 lakh over the three years.

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“When the company got whiff of the foul play by Gupta, it cross checked with the concerned defence organisations and military hospitals, only to know that none of these institutions ever got medicine supplies from the said company. Gupta prepared fake orders and made the profit by purchasing medicines at subsidised rates in the name of military supplies and later sold it to medical shops in Nagpur,” Shinde told NT.

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Gupta runs Chandra Enterprises at 223-227, Sheela Complex Dattawadi, Amravati Road. On the basis of a complaint lodged by Manish Gangadhar Shetty (40), a resident of 186,Ratan Palace B-7,Garodia Nagar,Ghatkopar, Mumbai, Wadi Police registered an offence under Sections 420, 465, 468 and 471 of the Indian Penal Code against Gupta.