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Biocon hires law firm for governance review after CBI arrests - Jammu Kashmir Latest News | Tourism

NEW DELHI, June 30: Drugmaker Biocon Ltd has engaged an external law firm to do a comprehensive review of its governance processes involving consultants and vendors following the CBI making a few arrests over alleged bribes paid to a Government drugs controller. Sources with knowledge of the matter said the review is part of the management’s reiteration of its commitment to strengthening compliance and governance practices across Biocon group entities. The company already has a strong code of conduct and […] ....

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CBI Arrests Drug Regulator Officer After "Trap Operation" In Bribery Case

The CBI has arrested Joint Drugs Controller S Eswara Reddy for allegedly receiving a Rs 4 lakh bribe from a conduit to waive the Phase 3 clinical trial of the 'Insulin Aspart' injection. ....

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