Financial Daily from THE HINDU group of publications
Wednesday, May 04, 2005
Financial Daily from THE HINDU group of publications Wednesday, May 04, 2005 |
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Marketing
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Advertising Corporate - Regulatory Bodies & Rulings FDA crackdown on Asian Sky Our Bureau
Mumbai , May 3 THE Food Drug Administration (FDA), Maharashtra, on specific complaints, has carried out raids on the warehouses of Asian Sky Shop, a tele-marketing company, on May 2 and sealed medicinal drugs and cosmetics worth Rs 76.41 lakh, according to a press release issued hereon Tuesday. Drugs claiming to cure asthma, rheumatism and hair loss have been sealed in the raids. The FDA has charged Asian Sky Shop with violation of Section 3 and 4 of The Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954; the section prohibits advertisements of medical drugs. Asian Sky Shop is a well-known telemarketing company, which advertises its products on leading national TV channels.
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