Enforcement Enforcement Directorate
ED freezes ₹9 lakh in counterfeit Pfizer antibiotics racket
This is a press release from the Enforcement Directorate (ED), Bangalore, announcing search and seizure operations conducted under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged counterfeit medicines…
This is a press release from the Enforcement Directorate (ED), Bangalore, announcing search and seizure operations conducted under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged counterfeit medicines racket. It matters to citizens as it details the freezing of funds and seizure of evidence related to the distribution of fake pharmaceutical products.
Who it concerns: The Enforcement Directorate (ED), Bangalore; Veeresh Kumar; R. Prashanth; M/s. DM Pharmaceuticals; M/s. Krupa Healthcare; Tavarekere Police Station; Drug Controlling Authority; and the general public affected by the alleged counterfeit medicines supply chain.
What the ED says it did
- ED conducted searches at 5 premises under Section 17 of PMLA, 2002.
- Operations are linked to FIR No. 0266/2026 dated 18.08.2026 registered at Tavarekere Police Station.
- The underlying FIR relates to the storage of medicines without valid licenses and label replacement found during a joint raid by the Drug Controlling Authority and police.
- Offences are registered under Section 318(4) of the Bharatiya Nyaya Sanhita, 2023, and Section 63 of the Copyright Act, 1957.
- ED recorded ECIR No. ECIR/BGZO/45/2026 to initiate the PMLA investigation.
- Investigation revealed that R. Prashanth allegedly arranged a farmhouse near Bidadi for the unlicensed manufacture, repackaging, and relabelling of medicines.
- Generic bulk formulations were allegedly relabelled as expensive Pfizer antibiotics (Zavicefta, Emblaveo).
- Medicines were allegedly distributed through M/s. DM Pharmaceuticals to M/s. Krupa Healthcare, which then supplied them to other entities and hospitals mixed with genuine medicines.
- Bank accounts of Veeresh Kumar containing approximately Rs. 9,00,000 were frozen.
- Digital devices, records, and incriminating documents were seized.
Also in the document
- The alleged scheme involved mixing counterfeit medicines with genuine ones to avoid detection.
- The counterfeit products were allegedly branded as Pfizer antibiotics but contained generic formulations.
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The original document
Enforcement Directorate — Attachments, arrests and prosecution complaints under PMLA and FEMA
Press release · Ref. 83e8e147f77cf673 · 2 Nov 2026
Read it here
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