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The CBI, which was working on the input for over a month, carried out a raid and Dua was caught giving Rs 4-lakh bribe to Reddy of the total promised amount of Rs 9 lakh on behalf of Biocon Biologics, a subsidiary of Kiran Majumder Shaw-led Biocon, officials said.
Biocon shares swung before rising in early trade after the company denied allegations of bribery against its subsidiary, Biocon Biologics.
CBI has claimed Joint Drugs Controller S. Eswara Reddy allegedly received a Rs 4 lakh bribe to waive phase-three clinical trials of the Insulin Aspart injection, a product under development at Biocon Biologics.
The CBI on Monday apprehended Joint Drugs Controller S Eswara Reddy for allegedly receiving a Rs 4-lakh bribe to clear 'Insulin Aspart', an underdevelopment product of Biocon Biologics.
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