European operation smashes fake medicines ring
Eurojust and Europol logosPolice from several European countries have seized millions of fake medicines, mainly erectile dysfunction drugs, worth an estimated €10m.The one-day operation – spearheaded by Europol and EU judicial unit Eurojust and involving police forces from Austria, Belgium, Cyprus, France, Hungary, Slovakia, Spain and the UK – also resulted in 12 arrests and the seizure of more than €7.5m in cash, bank accounts and assets such as cars.
The raids marked the culmination of an investigation first started back in 2012 that targeted a particular organised crime network deeply involved in the fake medicines trade in Europe. The counterfeit medicines targeted by the operation were imported into the EU from Asia and contain “incorrect dosages and ingredients which pose a serious health hazard”.
Related Posts
Smuggling, counterfeits resulted in Rs39,239 crore loss to govt in 2014
Bengaluru - Smuggling and counterfeiting of goods in India has cost an estimated...
Value of seized fake goods dropped in 2012
A total of P5.2 billion worth of fake merchandise was seized in 2012, down 37.9...
P80-M worth of smuggled, fake cigarettes found in Malabon, Manila
An anti-cigarette smuggling task force uncovered smuggled and fake cigarettes...
Couple caught with undeclared foreign currency worth Rs1 crore at Mumbai airport.
The couple were caught with USD worth Rs 20.34 lakh and UK Pounds worth Rs 80.76...