NAFDAC seizes fake products worth N60 million in Lagos.
The National Agency for Food Drugs Administration and Control (NAFDAC) has confiscated fake drugs worth N60 million from a warehouse in Lagos.
This was contained in a press statement signed by NAFDAC Director General, Prof. Moji Adeyeye on Monday in Abuja.
“Following a tip off by a concerned citizen, officers of Investigation and Enforcement Directorate of the NAFDAC and the police stormed the supermarket and warehouse owned by one Mr. Nzube at the Trade fair complex Lagos.
“The warehouse was raided for possession, storage, importation, sales and distribution of dangerous and unregistered cosmetics.
“Found in the store were Glutathione Injection, Herbal Skin Doctor Collagen Ampoules, Lansexin in vial bottles, Kojic-San Injection Face Cream, B.F.G.F Collagen Polypeptide in vial bottles, amongst others,” she said.
https://www.pmnewsnigeria.com/2019/01/07/nafdac-seizes-fake-products-worth-n60-million-in-lagos/
Lear MoreMan caught trying to smuggle 90,000 cigarettes through Manchester Airport.
A smuggler was snared trying to bring 90,000 cigarettes through Manchester Airport. The total duty and VAT value of the haul was worth the equivalent of funding two kidney transplants on the NHS, said HM Revenue and Customs.
Radhwan Ahmed Mawlood, 44, was stopped at the airport carrying 60,000 non UK duty-paid cigarettes in two luggage bags in November last year. He had flown from Iraq via Istanbul in Turkey.
HMRC said he later admitted that a third bag in his name, on a separate flight arriving into Manchester, contained another 30,000 cigarettes. All three luggage bags were subsequently seized and Mawlood was arrested.
The total duty and VAT of the haul was £31,560. HMRC said Mawlood claimed his family had bought the cigarettes in Iraq and he planned to give them away to friends in the UK.
Lear MoreMaterialism as Predictor of Purchase Intention towards Counterfeit Products: A Conceptual Framework
Consumer decision to buy fake goods has given rise to a worldwide crisis of existence for originalbrands. Counterfeit products are those which bear a trademark that is identical to, orindistinguishable from, a trademark registered by another party and violates the rights of theowner (Kapferer, 1995; Chaudhry and Walsh, 1996; and Eisend and Schuchert-Guler, 2006). Thedemand for consumption of counterfeit has grown dramatically in the past few years. The itemsinclude electronics, food stuff, cosmetics, pharmaceuticals, etc. Although consumers are aware ofthe ethical issues related to counterfeit products (Nill and Schultz, 1996) , research has unfo ld edthe fact that ap proxi mately one-third of the consumers would knowingly buy illicit goods (Tomet al., 1998; and Phau et al., 2001). In addition, Grossman and Shapiro (1988) opine thatconsumers buy counterfeit products deliberately. As demand for these products escalated, themarket flourished to grow at a fast pace, and has become a topic of debate amongst manyresearchers. The demand from the consumers is a major reason encouraging the existence andgrowth of counterfeit products (Ang et al., 2001).
The willingness to buy or not to buy counterfeit products depends on the worth the consumersassociate with materialism. In the words of Richins and Dawson (1992), materialism is the valuegiven to the possession and procurement of material goods in a way to achieve the goals of life.Mason (2001) opines that in order to segregate themselves from others socially, consumersacquire goods to flaunt their status and feel socially accepted. In the Indian context, research hasbeen conducted pertaining to counterfeiting of drugs (Bhushan et al., 2007), counterfeitingcurrencies (Bose and Das, 2013), counterfeiting western brands (Nakassis, 2010) andcounterfeiting product and intellectual property rights (Sarkar and D’Silva, 2013). Indiandomestic marketplace is flooded with counterfeit goods and thus it becomes imperative toinvestigate the factors influencing consumers’ preference for counterfeit goods and thedimensions having an impact on their purchase intention.
Consumption of counterfeit products is increasing with the proliferating demand for brandedproducts. The reasons be hind this increase can be liberalization of trade policies, hugeproduction of counterfeit products, availability of sophisticated techniques at low cost and theupsurge in usage of Internet worldwide (Alcock et al., 2003).
https://www.questia.com/read/1P4-2184907271/materialism-as-predictor-of-purchase-intention-towards
Lear More
Torrevieja’s Local Police destroy fake items worth around €700,000.
A SPECIALIST group of Torrevieja’s Local Police has begun to destroy a significant amount of the counterfeit goods that have been confiscated during the past year.
A total of 35,000 fake items such as watches, sunglasses, CDs and DVDs estimated to have been worth around €700,000 on the black market have been crushed.
Mayor of Torrevieja, Jose Manuel Dolon, was present at the event when the material was destroyed by heavy equipment.
He said: “The subject of counterfeit goods is something we take very seriously in Torrevieja as it is something that ultimately affects genuine traders.”
Any items that have not been tampered with and lacking any official registered trademark, such as clothing and other accessories, is delivered to the Department of Social Services and Welfare and are then allocated and distributed to families in the municipality that are most in need.
Lear More
Woman arrested for importing fake goods, over 400 counterfeit items worth $13k seized.
A 38-year-old woman was arrested for her suspected involvement in the importation and possession of counterfeit items for the purpose of trade.
A joint operation by the Criminal Investigation Department and Singapore Customs on Dec 19 saw a logistics company at Changi South Avenue and a residential unit in Ang Mo Kio raided. The woman was then nabbed.
Over 400 pieces of counterfeit items including perfume and cosmetics sets, sunglasses, handbags, bags, purses, wallets and pouches, with an estimated street value of more than S$13,000, were also seized. Investigations are ongoing.
“The authorities take a serious view on intellectual property right (IPR) infringements and will not hesitate to take action against perpetrators who show blatant disregard for Singapore’s IPR laws,” said the police and Singapore Customs in a joint statement.
Lear More
Gurugram centre to monitor Indian Ocean Region coastline.
Consolidating the regional efforts with friendly nations to keep the global commons “open and accessible for all,” India on December 22 inaugurated an Information Fusion Centre – Indian Ocean Region (IFC-IOR) which will work closely with countries in the region and will be manned by the Indian Navy.
“The need for IFC-IOR stems from importance of the IOR for world trade and security. All stakeholders are equal in this maritime security and safety milestone,” Defence Minister Nirmala Sitharaman said at the inauguration.
A theatre of contention
The IFC has been established at the Navy’s Information Management and Analysis Centre (IMAC) at Gurugram, the single point centre interlinking all the coastal radar chains to generate a seamless real-time picture of the nearly 7,500-km long coastline.
The IFC aims to bring various countries in the region and pool in best practices to jointly monitor the vast IOR which is increasingly becoming the theatre of contention between great powers apart from an increase in natural disasters and trans-national threats like piracy, terrorism and trafficking.
According to Navy officials, “all countries — about 21 — that have already signed White Shipping Information Exchange agreements with us are IFC partners and can post International Liaison Officers (ILOs) at the centre.” At least 10 countries, including the U.S., France, Italy and Japan, have expressed in posting their officers. “It is for equals, it is for partners,” Ms. Sitharaman stated.
The centre will be tracking and monitoring 75,000 to 1.5 lakh shipping traffic in the IOR in real time, round-the-clock.
To begin with, the ILOs will have a virtual presence at the centre. In the near future, the Indian Navy is looking to host additional ILOs adjacent to the IFC-IOR for which creation of infrastructure and manpower is being worked out.
“The expertise of the resident ILOs would be utilised towards sharing of real time information with partners as well as for generating timely and adequate response to developing situations,” the Navy said in a statement.
Lear More
Thousands of fake fashion products seized in HCMC.
Market Management Team No.27 under HCMC Market Management Department sequestered over 1,800 wallets and handbags suspect to be counterfeits of well-known brand names such as Gucci, Chanel and Versace at a location in District 12 on December 20.
The owner of the consignment said that the above products were made in China and transported from Hanoi to HCMC without invoices and related documents.
Previously the team inspected and seized a similar consignment in District 9.
Last week the city Market Management Department continuously uncovered and seized tens of thousands of illicit cosmetics, clothes and handbags counterfeiting famous brand names in the word .
The agency has furthered supervision over production and trading of consumer goods especially commodities for Tet holidays.
http://sggpnews.org.vn/business/thousands-of-fake-fashion-products-seized-in-hcmc-79340.html
Lear More
$9 Million Worth of Counterfeit Goods Seized In Downtown Kingston.
Counterfeit goods valued at $9 million have been seized by investigators from the police’s Counter Terrorism and Organised Crime Branch (CTOC). One man remains in police custody in relation to the find.
C-TOC said the seizure was made during a special operation conducted between 12:10 p.m and 7:00 p.m at a premises on Mark Lane in downtown Kingston yesterday.
The police unit said over 1000 pairs of counterfeit footwear and sports jerseys were seized. C-TOC said that to date it has seized over $1.5 billion worth of counterfeit goods.
CTOC noted that it has a mandate to disrupt the counterfeit industry and that Jamaica, as a sovereign state, is obliged to protect its citizens from faulty and or substandard goods.
Lear More
Can blockchain stem the tide of counterfeit drugs in India?
Counterfeit drugs are a multi-billion dollar problem. Now pharma companies are looking for a technological solution, could blockchain be the answer?
The manufacture and distribution of fake prescription drugs is a global problem. Counterfeit products are causing a lot of damage to economies, industries, consumer health and safety. From the perspective of companies, they know they will suffer revenue and reputational losses whilst also incurring extra expenses for regulations, brand protection and legal advice if a solution to counterfeit drugs is not found.
In the best case scenarios, these fake drugs can be sugar pills that will have none of the effects of the drugs they are supposed to replicate. In the worst cases, the drugs can contain high quantities of dangerous substances, such as paint, antifreeze or fentanyl, which can be fatal for unsuspecting consumers who bought the pills online.
The World Health Organization estimates that counterfeit drug revenue is currently at around $200bn and approximately 10%-15% of global pharmaceutical trading involves counterfeit drugs sold on the black market, internet or directly to patients via prescriptions. Since 2013, the organisation had received approximately 1,500 reports of fake and low-quality products as of April 2018. This year, the US Food and Drug Administration had to arrange a meeting regarding the problem of illegal opioids being sold online through unofficial websites and social media platforms.
The largest majority of counterfeit medications come from India, China and the US.
India is the third largest producer of generic drugs and vaccines and exports to almost 200 countries, accounting for 10% of the world’s drug production rates. However, the nation is also a global epicentre for counterfeit drugs, with WHO estimating that one in five drugs sold in the country are fake. Now, an international partnership is bringing together IT giant Oracle, policy institute NITI Aayog, Apollo Hospitals and pharma manufacturer Strides Pharma Sciences to pilot a pioneering drug supply chain using blockchain digital ledger technology to try and tackle the issue.
Lear MoreThree People Arrested With Silver Worth Rs. 75 Lakh On Telangana Express.
A Railway Protection Force (RPF) team of Northern Railway arrested three people on-board Telangana Express with a cache of silver worth Rs. 75 lakh.
The three were travelling in a coach meant for disabled people, with seven packages containing the silver. The officials seized 262 kg of silver from them.
“During checking at Ballabgarh Railway Station on December 10, at 8:20 am, the team of RPF outpost Ballabgarh apprehended three persons in disabled coach. During interrogation, they disclosed that they are carrying white raw metal and white metal ornaments for which they did not present any documents. Besides, they were travelling ticketless,” a statement from the railway ministry said.
The three were booked under Section 155B of the Railways Act and a case has been registered at RPF outpost in Ballabgarh.
Lear More