Fake medicine hits retail investors hard
Individual investors took a severe beating from the fake herbal medicine produced by Naturalendo Tech, with their combined investment losses estimated at more than 600 billion won ($559 million).
“About 9,400 retail investors held a combined 54 percent stake in Naturalendo Tech as of the end of last year. They likely suffered hefty losses as the company’s stock prices fell sharply Thursday after the authorities said the herbal medicine contained uncertified ingredients,” an official at the tech-heavy KOSDAQ market said.
http://www.koreatimes.co.kr/www/news/biz/2015/05/488_178130.html
Related Posts
Kenya: The Man On a Mission to Shine Light On Fake Goods
From fake phones to illicit alcoholic drinks, the Kenyan market has been raided...
Counterfeit products worth Dh114 million seized in Dubai
Dubai: Counterfeit versions of branded products including women’s bags, belts and...
Liquor seized from ambulance in Gwalior
Gwalior, Aug 21 (PTI) Liquor bottles were seized while being transported in an...
Indore: Police seize counterfeit cigarettes worth Rs 3L
Indore (Madhya Pradesh): A crime branch team caught a man selling counterfeit...