CBI arrests Biocon Biologics' AVP over allegations of bribery

CBI has arrested L Praveen Kumar, Associate VP, Biocon Biologics, a subsidiary of the Kiran Majumdar Shaw-run Biocon. This follows the arrest of Joint Drugs Controller S Eswara Reddy for allegedly receiving a 4-lakh-rupee bribe to waive the Phase 3 clinical trial of the ‘Insulin Aspart’ injection developed by Biocon Biologics to control Type 1 and Type 2 Diabetes. The agency also arrested Dinesh Dua, director at Synergy Network India Private Limited, who was allegedly giving Reddy a bribe.