Authorities busted a ring producing and selling counterfeit pharmaceuticals worth tens of billions of dong.
A multi-province counterfeit pharmaceutical production and trading ring worth tens of billions of VND has just been discovered and dismantled by Ho Chi Minh City police.
On July 12th, the Ho Chi Minh City Police Department's Anti-Corruption, Economic Crime and Smuggling Investigation Unit (PC03) temporarily detained Quach Ngoc Giao (55 years old, residing in District 10) and nine others for investigation into the production and sale of counterfeit pharmaceuticals.
According to the police, earlier, the PC03 unit caught Giao red-handed transporting a cardboard box containing 300 boxes of Fugacar pharmaceuticals to deliver to a customer.
During an emergency search of Giao's residence, warehouse, and 19 locations in Ho Chi Minh City, Long An province, and Tien Giang province, authorities discovered a large quantity of counterfeit pharmaceuticals bearing well-known brand names, commonly used to treat cardiovascular diseases, respiratory infections, and high blood pressure. Most of the drugs were packaged and ready for distribution to the market.
Initially, the suspects confessed to purchasing drug ingredients from Vietnamese pharmaceutical companies, then changing the packaging, labels, and seals to resemble imported drugs. After the drugs were finished, the group transported them to a warehouse and sold them at a higher price.
Initially, police estimated the value of the seized items to be in the tens of billions of Vietnamese dong.
