The Patiala House Court at New Delhi refused to grant bail in anticipation of arrest to Indian Citizen and businessman Vicky Ramancha who is the prime accused in $18.8 million Ozempic scam.
The Complainant, a USA based company namely Assure Global LLC filed an application u/s 175(3) Bharatiya Nagarik Suraksha Sanhita, 2023 (hereinafter referred to as ‘B.N.S.S.’) before the learned Chief Judicial Magistrate, New Delhi District, Patiala House Courts in CT Cases 59074/2024 seeking registration of an FIR against Indian citizen Vicky Ramancha and his Dubai and USA based companies namely RNR Global Procurement Corp. and RNR Premier Medical Equipments Trading LLC respectively. It was alleged that the parties had entered into Master Sale and Purchase Agreements for supply of a total 1,25,000/- doses of anti diabetic drug namely ‘Ozempic’. Vicky, an Indian Citizen and an Indian passport holder had portrayed that he has connections with politician in India and sent agreements and invoices with China and HongKong based company namely Ouchi Pharma which were notarized in India at the Patiala House Courts, New Delhi. Believing Vicky Ramancha’s deceit, the complainant made payment of a total of $18.8 Million. However, when the said drug was delivered at the US shore, the Food and Drug Authority (FDA) seized the same for being counterfeit and spurious.
The complainant lodged a complaint with the Commissioner of police who transferred the matter to Economic Offences Wing (EOW), New Delhi. Vide order dated 29.05.2025, the learned Chief Judicial Magistrate, New Delhi District, Patiala House Courts in CT Cases 59074/2024 ordered immediate registration of an FIR within 24 hours.
Accordingly, on 03.06.2025, the EOW, New Delhi registered FIR No. 75/2025 against Vicky Ramancha for committing offence u/s 406, 420 and 120B IPC and started investigation.
This is the second major setback to Vicky Ramancha. Earlier he had approached the High Court of Delhi u/s 528 B.N.S.S seeking quashing and setting-aside of the Order dated 29.05.2025 and 09.06.2025 of learned Chief Judicial Magistrate, New Delhi District, Patiala House Courts in CT Cases 59074/2024 and quashing of FIR No.75/2025 dated 03.06.2025 under Section 406/420/120B of the Indian Penal Code, 1860, registered at Police Station EOW, New Delhi. The same was heard by Hon’ble Ms. Justice Neena Bansal Krishna at the Delhi High Court on 01.08.2025 and he was refused any relief from the High Court either.
The Additional Sessions Judge Saurabh Laler held that considering the huge quantum of fraud involved and that fact that spurious drugs were consigned to the USA which is a huge health hazard, it is not proper to grant anticipatory bail to the accused Vicky Ramancha.
Appearances:
The petitioner was represented by Mr. Abhishek Bakshi along with Mr. Tanvir Nayar, Advocate, the state was represented by the APP for the State and the complainant was represented by Mr. Maninder Singh, Senior Advocate alongwith Mr. Namit Saxena, Advocate.