Court summons Ranbaxy, Daiichi

A Hyderabad court has issued summons to top officials of Japanese multinational company Daiichi Sankyo and Indian pharma major Ranbaxy on a criminal complaint filed by a co-founder of Zenotech Laboratories, now a Ranbaxy entity.

Jairam Chigurupati approached the court alleging that senior officials and directors of Daiichi and share registrars Karvy and ICICI Securities acted with mala-fide intention and transferred his sensitive confidential information and documents to Ranbaxy with the intent of defeating his participation in the Open Offer announced by Daiichi.