Friday, November 24, 2017
ADVT 
International

Indian-American Billionaire John Kapoor Charged With Leading Opioid Fraud Scheme In US

IANS, 27 Oct, 2017
  • Indian-American Billionaire John Kapoor Charged With Leading Opioid Fraud Scheme In US
An Indian American billionaire was arrested and charged for illegally marketing opioid, a media report said
 
John Kapoor, the 74-year-old entrepreneur was arrested on Thursday and is scheduled to appear in a federal court in Phoenix on Friday, reports The American Bazaar.
 
"The founder and majority owner of Insys Therapeutics Inc., was arrested today and charged with leading a nationwide conspiracy to profit by using bribes and fraud to cause the illegal distribution of a Fentanyl spray intended for cancer patients experiencing breakthrough pain," the Department of Justice said in a statement.
 
The charges also include allegations against other Insys executives and managers who were indicted in December 2016.
 
"In the midst of a nationwide opioid epidemic that has reached crisis proportions, Kapoor and his company stand accused of bribing doctors to overprescribe a potent opioid and committing fraud on insurance companies solely for profit," said Acting United States Attorney William D. Weinreb. 
 
"Today's arrest and charges reflect our ongoing efforts to attack the opioid crisis from all angles. We must hold the industry and its leadership accountable - just as we would the cartels or a street-level drug dealer."
 
The statement said the Federal Bureau of Investigation will thoroughly investigate such business practices that ignore a patient's safety to drive up profits.
 
A graduate from the University of Mumbai, Kapoor received his PhD in Medicinal Chemistry from the State University of New York at Buffalo.

MORE International ARTICLES

Amritsar-Born US Billionaire Arrested On Racketeering Charges

Amritsar-Born US Billionaire Arrested On Racketeering Charges

John Kapoor is the founder and former CEO of the pharmaceutical company Insys Therapeutics

Amritsar-Born US Billionaire Arrested On Racketeering Charges

Truck Drivers Deny Causing Road Crash Deaths Of 8 Indians In UK

Truck Drivers Deny Causing Road Crash Deaths Of 8 Indians In UK

Two truck drivers charged with causing the deaths of eight Indians due to dangerous driving on a UK highway in August denied the allegations in court on Friday and will now stand trial on the charges.

Truck Drivers Deny Causing Road Crash Deaths Of 8 Indians In UK

ADVT

Indian-Origin Radio Host Sunil Thakker Pleads Guilty To Sexually Harassing US Teenager

Indian-Origin Radio Host Sunil Thakker Pleads Guilty To Sexually Harassing US Teenager

As part of a plea deal, Sunil Thakker, 51, of Masala Radio station is prohibited from coming into contact with teenage girls under 17.

Indian-Origin Radio Host Sunil Thakker Pleads Guilty To Sexually Harassing US Teenager

ADVT

Sushma Swaraj Asks For Probe Into Adoption Of 3-Year-Old Killed In US

Sushma Swaraj Asks For Probe Into Adoption Of 3-Year-Old Killed In US
External Affairs Minister Sushma Swarajon Friday sought a thorough probe into adoption process of the three-year-old Indian American girl Sherin Mathews who has died in Texas,

Sushma Swaraj Asks For Probe Into Adoption Of 3-Year-Old Killed In US