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Theft

Eight Arrested in Connection with Theft of Anti-Diabetic Drug Worth Over Rs 2 Crore

Strategic Insights

— 1 min read

The Srikakulam district police in Andhra Pradesh, India, have arrested a gang of eight individuals in connection with the theft of approximately 460 grams of Semaglutide, a patented anti-diabetic drug worth over Rs 2 crore. The drug was stolen from Dr Reddy's Laboratories warehouse at Pydibheemavaram for sale in the black market. The arrested individuals include four employees of Dr Reddy's Laboratories and four others with pharma backgrounds in Hyderabad.

Key Takeaways:

  • The theft of Semaglutide, a patented anti-diabetic drug, was carried out by a gang of eight individuals, including four employees of Dr Reddy's Laboratories.
  • The stolen drug was valued at over Rs 2 crore and was meant for export to foreign countries.
  • The investigation revealed that Raghavendra, a staff member, stole the drug from the warehouse on February 23, and handed it over to Appal Naidu, Suresh, and Kantarao to sell in the black market.
  • The trio gave the stolen drug to Tirupati, who later handed it over to Suresh Reddy in Hyderabad for sale.
  • Suresh Reddy had previously worked with a pharma company and had links with individuals involved in selling drugs in the black market.
  • The police recovered around 440 grams of stolen Semaglutide powder and 460 grams of fake Semaglutide powder from the arrested individuals.
  • The case was investigated by three police teams, led by JR Puram police inspector M Avatharam and sub-inspector S Chiranjeevi.

Statistics:

  • 460 grams of Semaglutide was stolen from Dr Reddy's Laboratories warehouse at Pydibheemavaram.
  • The stolen drug was valued at over Rs 2 crore.
  • 440 grams of stolen Semaglutide powder and 460 grams of fake Semaglutide powder were recovered from the arrested individuals.
  • The investigation revealed that the drug was stolen on February 23 and was meant for export to foreign countries.
  • The police arrested eight individuals in connection with the case, including four employees of Dr Reddy's Laboratories.

Sources:

  • TIMES NEWS NETWORK, Srikakulam
  • Srikakulam district police department report
  • Dr Reddy's Laboratories management report

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