DDL Investors Group
Dr Kannan Vishwanath along with his father Sh Kashi Vishwanath, as MD of Dr Datson Labs, Mumbai based listed company has cheated our country and thousands of shareholders by siphoning off around Rs 300 Cr of Dr Datson Labs and indulging in many other frauds which are as follows :-
Dr Kannan Vishwanath
FRAUDS Committed by Dr Kannan Vishwanath, ex MD of Dr Datson Labs Ltd, former name Aanjaneya Lifecare Limited ( herein after referred as DDL ), Mumbai based listed company. (India), are as follows, though I could detect only three but there could be more :-
(1) Fraud No. 1.
DDL had 15 patents which Dr Kannan got registered with Controller General of Patents, however, only 12 were registered in the name of DDL rest three were registered jointly in his name and his father Mr Kashi Vishwanathan, though these were intellectual property of DDL. List of registration of these patents is attached.
(2) Fraud No. 2
(a) In 2011 / 2012 it was decided by him to buy Apex Drugs, Hyderabad based unlisted company for DDL for an amount of Rs 250 Cr by taking loans from Banks and as approved by them as per Dr Kannan. He paid an amount Rs 80 Cr by cheque as advance to Apex Drugs and further gave them Rs 50 Cr worth of DDL shares. Later it was stated that that deal was cancelled as banks backed out. Till date there were no efforts made by him to retrieve this amount from Apex Drugs, may be because of his personal interest. My request is that Rs !30 Cr with interest be retrieved from Apex Drugs and credited in the a/c of DDL.
(b) Details of Apex Drugs is, (i) Mr Ghanshyam Kurmi - Managing Director, Mr.Ravi Gangapalli –Chief Operating Officer and Mr. Sandeep Kumar Verma – Director, (ii)
(3) Fraud No. 3
(a) Fair Success (HK) based at Hong Kong was incorporated in 2012. I have not been able to find out who was its promoter, it appears he was close associate / relative of Dr Kannan.
(b) In 2013 it was bought by Dr Kannan for DDL for a sum of Rs 250 cr, proceeds of first FCCB, In reply to my mail DDL office intimated me that it has been bought because of 15 patents Fair Success ( HK ) had. It started operating as 100 % subsidiary of DDL wef 29 July 2013.
(c) On further scrutiny of patents it was fond that these patents were same which belonged to DDL. That means these were sold to Fair Success (HK) before it was bought by DDL. For how much amount Dr Kannan sold these patents is mystery but estimated amount could be around Rs 250 to 300 Cr. This amount was not credited in the a/cs of DDL and hence siphoned off, could be in his / his relative / close associate account abroad. A very serious fraud and needs further investigation. Again my request is that this amount be retrieved and credited in DDL’s a/cs.
In these frauds Dr Kannan has been assisted by his father, Mr Kashi Vishwanath. Dr Rajendra Kamat, ex Non Exe Chairman, CFO and Company Secy were aware of it by virtue of their
Dr Kannan Vishwanath
FRAUDS Committed by Dr Kannan Vishwanath, ex MD of Dr Datson Labs Ltd, former name Aanjaneya Lifecare Limited ( herein after referred as DDL ), Mumbai based listed company. (India), are as follows, though I could detect only three but there could be more :-
(1) Fraud No. 1.
DDL had 15 patents which Dr Kannan got registered with Controller General of Patents, however, only 12 were registered in the name of DDL rest three were registered jointly in his name and his father Mr Kashi Vishwanathan, though these were intellectual property of DDL. List of registration of these patents is attached.
(2) Fraud No. 2
(a) In 2011 / 2012 it was decided by him to buy Apex Drugs, Hyderabad based unlisted company for DDL for an amount of Rs 250 Cr by taking loans from Banks and as approved by them as per Dr Kannan. He paid an amount Rs 80 Cr by cheque as advance to Apex Drugs and further gave them Rs 50 Cr worth of DDL shares. Later it was stated that that deal was cancelled as banks backed out. Till date there were no efforts made by him to retrieve this amount from Apex Drugs, may be because of his personal interest. My request is that Rs !30 Cr with interest be retrieved from Apex Drugs and credited in the a/c of DDL.
(b) Details of Apex Drugs is, (i) Mr Ghanshyam Kurmi - Managing Director, Mr.Ravi Gangapalli –Chief Operating Officer and Mr. Sandeep Kumar Verma – Director, (ii)
(3) Fraud No. 3
(a) Fair Success (HK) based at Hong Kong was incorporated in 2012. I have not been able to find out who was its promoter, it appears he was close associate / relative of Dr Kannan.
(b) In 2013 it was bought by Dr Kannan for DDL for a sum of Rs 250 cr, proceeds of first FCCB, In reply to my mail DDL office intimated me that it has been bought because of 15 patents Fair Success ( HK ) had. It started operating as 100 % subsidiary of DDL wef 29 July 2013.
(c) On further scrutiny of patents it was fond that these patents were same which belonged to DDL. That means these were sold to Fair Success (HK) before it was bought by DDL. For how much amount Dr Kannan sold these patents is mystery but estimated amount could be around Rs 250 to 300 Cr. This amount was not credited in the a/cs of DDL and hence siphoned off, could be in his / his relative / close associate account abroad. A very serious fraud and needs further investigation. Again my request is that this amount be retrieved and credited in DDL’s a/cs.
In these frauds Dr Kannan has been assisted by his father, Mr Kashi Vishwanath. Dr Rajendra Kamat, ex Non Exe Chairman, CFO and Company Secy were aware of it by virtue of their
This petition will be delivered to:
- PM
- President
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