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Description:Gland Pharma Sociopaths Home About Sociopaths Legal Index Contact Home [the German philosopher Arthur Schopenhauer’s observation on the shifting of human views on truth: First, it is ridiculed. Second
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Gland Pharma Sociopaths Home About Sociopaths Legal Index Contact Home [the German philosopher Arthur Schopenhauer’s observation on the shifting of human views on truth: First, it is ridiculed. Second, it is violently opposed. Finally, it is accepted as self-evident] Gland Chemicals was promoted in 1974 to manufacture Heparin Sodium in Bangalore, India. Promoted by Chairman and Founding member Advocate Venkata Raju Manthena of Cherukumilli, W.Go.Dt., AP; India Cements General Manager and Founding Member Prasad Kanumilli of Hyderabad; Hotelier, Contractor, and Founding Member Janaki Rama Raju Kanumuri of Guddigudem, W.Go.Dt., AP; Managing Director and Founding Member PVN Raju (had no assets to invest) invested funds of Ravi Penmetsa. Gland Pharma was promoted in 1978 as part of forward integration strategy to manufacture Heparin Sodium Injections –high value product – and significantly improve Gland Chemicals business success. Promoted by Chairman, Founding member and Justice Rama Chandra Raju Manthena of Korukollu, W.Go.Dt., AP; Director, Pharmacist and Founding Member Pavan Kumar Reddy A. of Hyderabad; Managing Director and Founding Member PVN Raju (had no assets of his own) invested funds of Durga Sagi. Since 2011, Sociopath PVN Raju has been claiming that Gland Pharma also belongs to his son and refuses to explain why he disposed of all of Durga Sagi’s fixed assets by 1982 without her consent and what he did with the sale proceeds of her fixed assets as well as Rs.15,000 Durga’s cash since 1975. [ Continue Reading . . . .] Gland Pharma promoters put their 60 per cent stake on the block – family of scammers made up of PVN Raju and his courtesan son, Ravi Penmetsa not the real owners of Gland Pharma. Sneha Shah, ET Bureau Aug 20, 2015, 04.00AM IST Tags: Sun Pharmaceutical Industries Ltd., Sun Pharma, Ravi Penmetsa, Pfizer, Perrigo, KKR, Jefferies & Co, Hospira, Gland Pharma, Fresenius, Agila Ravi Penmetsa and his family expect their stake to be valued at $1 billion to $1.2 billion. The drugmaker was valued at $600 million to $650 million when global private equity investor KKR acquired an approximately 38-percent stake for $191 million in November 2013. “No bank has been appointed and no sale is being considered,” added KRR India chief executive Sanjay Nayar. [Continue Reading . . . .] Government clears KKR’s proposal to buy stakes in Gland Pharma and Gland Celsus Bio Chemicals. May 14, 2014, 06.07AM IST Tags: Shares, Ranbaxy, Poverty Trap, Pharmaceutical companies, net worth, markets, KKR Floorline Investments PTE Ltd, KKR, Insurability, Government, Gland Pharma, Gland Celsus Bio Chemicals, Commission, APIs [Continue Reading . . . .] Gland Pharma and KKR Announce Partnership –father and courtesan son duo trying to swindle the real owners of Gland Pharma. November 27, 2013. What exactly is the synergy between a pharmaceutical company and an investment firm – going public with a name that can attract stock subscription? Gland Pharma tried this in 2000 with SATYAM COMPUTER SERVICES. Scammers PVN Raju and his courtesan son – Ravi Penmetsa have been trying to put Gland Pharma Limited on the block since 2000 while claiming ‘visionary’, ‘high-tech’ ‘Uno numero exporter’, etc. The only reason is that the company is not theirs and make money and get out before the real owners go to COURT. GLAND PHARMA LIMITED today announced an agreement under which KKR, a global investment firm, will acquire a minority stake in the Company for approximately US$200 million, including KKR’s acquisition of the entire stake held by Evolvence India Life Sciences Fund (“EILSF”), an existing private equity investor in Gland Pharma. [Continue Reading . . . .] Advocate YRP Shetty on behalf of his clients, Mrs. Durga Sagi and Dr. Raju Sagi, issues a Reply Notice cogently stating that Gland Pharma owner is Mrs. Durga. October 11, 2013. PVN Raju was a hired hand looking after his close friends investments in businesses as well as his daughter’s inheritance and cash reserves. Fixed Asset records in West Godavari district as well as in Hyderabad confirmed that PVN Raju and his father had no fixed assets in their names during 1970 -’75 and the Creditors left no stone unturned leaving Penmetsa family with no liquid assets as well. Advocate Shetty stated unequivocally in Reply Notice that his client, Mrs. Durga Sagi, owned Gland Pharma Limited by 1982 based on the criterion “the family member with money to invest in Gland Pharma during 1975 -’82 between the courtesan son, Jhansi and Mrs. Durga Sagi.” This conclusion is supported by – PVN Raju throwing his hands in air with regard to Durga’s cash reserves left with him in 1975; disposing of almost 25% of her fixed assets at the time of Gland Pharma promotion; disposing of the remaining 75% of her fixed assets in 1982 – all without written authorization. The dates and proportions confirmed by Srungavruksham, Pala Koderu Mandal, West Godavari land records. SATYAM COMPUTER SERVICES Raju threatened GLAND PHARMA BOSS: CBI Oct 21, 2010 | New Delhi, Oct. 20: The CBI on Wednesday placed before the Supreme Court a statement of Hyderabad-based Gland Pharma’s director, Mr. B.N. Rao, in a bid to make a case against former Satyam chairman, Mr. B. Ramalinga Raju to cancel his bail, while his counsel tried to give an altogether a new twist to the projection of the “inflated” share price of the company. The CBI’s special prosecutor, Mr. H. Venkatesh, in an affidavit, placed before a bench of Justices Dalveer Bhandari and Deepak Verma stated that the statement of Mr. Rao was recorded on September 21 following a complaint from Gland Pharma that Mr. Raju was “misusing” his liberty to put pressure on Mr. Rao, a witness in the case. The additional solicitor-general, Mr. Haren Rawal, appearing for the CBI explained the contents of the affidavit stating that Mr. Rao’s statement had revealed that “Mr. Raju and his family members through their five investment companies and 10 front companies had acquired 39.45 lakh equity shares of Gland Pharma for a value of `26.03 crore between June 2000 and April 2006”. “These were the proceeds of the crime,” Mr. Rawal alleged while urging the bench to cancel his bail on the face of the evidence placed before the court. Mr. Rawal said Mr. Raju had tried to “influence” Rao despite clear instructions by the CBI, enforcement directorate and the Company Law Board not to indulge in any such activities. Rebutting the charge of CBI, Mr. Raju’s counsel, Mr. Ashok Desai, said the whole issue of the so-called statement was a result of a letter written by Mr. Rao, much before the case was registered and hence, it could not form the basis for the relief sought by CBI. Mr. Desai also tried to give altogether a new twist to the Satyam scam, saying the whole issue of “inflated” share price, which Mr. Raju explained in his January 7, 2009 letter to the Satyam Board, was in fact “aimed at saving the company from being acquired by others”. “The management was worr...

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