A pharmaceutical giant in Ho Chi Minh City allegedly created a fake certificate of origin for roughly US$750,000 worth of cancer medicine last April, police said Tuesday.
VN Pharma got a license to import a batch of H-Capita from the Vietnamese health ministry last April after producing a certificate of origin of the medicine signed by a counselor at the Vietnamese Consulate General in Canada, police said.
The company then used the import license to buy the medicine through a Hong Kong-based pharmaceutical company whose name has not been released.
Police now say the certificate was a counterfeit created by Nguyen Minh Hung, chairman and CEO of VN Pharma, and Vu Manh Cuong, a representative of the Ho Chi Minh City branch of a foreign drug company, which police also declined to name.
Both Hung and Cuong were arrested on September 19.
Established with a registered capital of VND40 billion (nearly $1.9 million) in late 2011, VN Pharma quickly became a major player in Ho Chi Minh City's health care industry.
The firm later opened branches in Hanoi and the Mekong Delta provinces of An Giang and Ca Mau.
The company distributes cardiovascular, gastrointestinal, and cancer medicines, antibiotics, and functional foods, which are purchased from foreign and domestic drug firms.
It also produces sanitary and medical biochemical products and offers pharmaceutical logistical services.
VN Pharma won many large public contracts to supply medicines to hospitals in Ho Chi Minh City this year.
The allegations against the two men have left many in the city’s health industry with numerous questions.