Covishield manufacturer SII duped of Rs. 1 crore, 7 arrested
In a major cheating and cyber fraud case, the Serum Institute of India (SII) has been duped of Rs. 1 crore. The Pune Police has arrested seven persons so far, but the main accused is absconding. SII, a biotechnology and biopharmaceuticals company based in Pune, is the world's largest vaccine maker (by doses produced and sold). The company also produces the COVID-19 vaccine Covishield.