Dr Reddy's says US justice dept has closed corruption inquiry against company
This story was originally published at 19:21 IST on 6 March 2026
Register to read our real-time news.Informist, Friday, Mar. 6, 2026
MUMBAI – Dr. Reddy's Laboratories Ltd. Friday said the US Department of Justice's Criminal Division has closed its inquiry against the company under the Foreign Corrupt Practices Act without recommending any enforcement action. In November 2020, the company had disclosed that it was looking into an anonymous complaint alleging improper payments to healthcare professionals in Ukraine and possibly other countries. These allegations had raised concerns about potential violations of the US Foreign Corrupt Practices Act.
On Feb. 23, the Securities and Exchange Commission had informed the company that it had concluded its investigation of the matter and did not intend to recommend enforcement action. This means both regulatory bodies have officially closed their investigations without pursuing enforcement.
For the December quarter, Dr. Reddy's had, on a consolidated basis, posted a net profit of INR 12.1 billion on a revenue of INR 87.53 billion. Friday, its shares closed 0.7% lower at INR 1,303.80 on the National Stock Exchange. End
Reported by Eshitva Prakash
Edited by Rajeev Pai
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
