Police held four persons, including two employees of the pharma company in this connection so far.
"On January 6, acting on a tip-off, the city police had arrested two persons- Lavkush Pappu Guta (26) a rickshaw driver and Amit Bhimrao Godbole (32), a pharmacist, and seized six kilograms of banned drug Alprazolam, worth Rs 15 lakh from them," Thane Police Commissioner Param Bir Singh told reporters here.
The duo was held from Anand Dighe Clock Tower at Talao Pali in Thane city.
"The interrogation of the duo led to the arrest of Basavaraj Hanumanta Bhandari (27) and Anil Kanta Rajbhar (25), over the weekend. Both of them were employed in the production unit of the company. After the raids, police seized total 754 kgs of narcotic substances, controlled drugs and excess stock of chemicals, of which banned drugs worth Rs 19 crore has been identified so far," he said.
The banned drugs were found kept in the HDPE (high-density polyethylene) drums kept in a cavity, the police chief said.
"The HDPE drums were found only half-filled indicating that part of the stock had already been taken out and disposed off. Out of the total seizure, 47.170 kg was of Alprazolam and around 100 kg of other narcotics, collectively worth Rs 19 crore. The balance stock was being examined by the technical experts and the Food and Drugs Administration (FDA)," Singh said.
He said police is trying to find out if any senior management staff was involved in the racket.
The company has its manufacturing facilities in Goa, Pune, Ambernath and Mumbai and exports its products to as many as 96 countries and has permission to manufacture and store certain goods, police said.
"The company manufactures total 55 products, of which 27 are psychotropic substances. The search team, which raided the premises also found 115 tonnes of drugs and chemicals, including raw material and finished goods. Police, with the help of the FDA, are inspecting if the company was following proper procedure for manufacture and storage of these materials," the Commissioner said.
Police is also in the process of checking the stock registers of the company to find out if there are any lapses or violations by the staff or management.
"This is a big catch by the Thane police and we are carrying out a systematic probe into the entire activity and operations," Singh said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)