Club Factory faces the menace of counterfeit products

Club Factory- Chinese e-commerce has run into trouble for selling counterfeit goods on its platform. In a recent incident related to counterfeiting, a Lucknow based customer filed a police complaint about selling fake products.

The customer has filed an FIR against Club Factory and its top executives – for hatching a criminal conspiracy by advertising heavy discounts and then shipping fake items.

In November 2019, the complainant had ordered a Titan watch and Ray Ban Sunglasses at 86% and 90% discount. After receiving the alleged counterfeit, the customer reached out to Club Factory but didn’t get a clear response.

He also asked the company to send an invoice with the name of the seller, but it wasn’t provided to him. Thereafter, the customer approached both Ray-Ban and Titan to verify the authenticity of the product and cam to know that they don’t sell their products online.

The complainant also accused the company’s customer care executive of abusing and threatening him of dire consequences.

In the month of September, Delhi’s custom department had confiscated the goods imported by the company for not complying with Customs Act 2962. The officials claimed that the imported goods were wrongly tagged for business to business shipment however it was for business to consumer.

Source: Inc42

Police seizes fake water filters in Bengaluru

In the city of Bengaluru, poor drinking water quality and growing anxiety levels among the people, are being exploited by those selling counterfeit water filters.

Recently, the Bangalore Police raided shops selling water purifiers and accessories and discovered fake replacement filters sold with the logo of a popular brand. A police official said that most households are installing filters due to the fear of poor quality of water. Fake operators are taking advantage of this situation and are selling fake reverse osmosis filters.

A shop keeper in JP Nagar has been arrested for allegedly stocking ordinary filters, membranes and other spare parts with the logo of a popular brand. The police also seized fake stickers of Kent water filters along with 19 kits. Each comprised of RO membrane, carbon filter, sediment filter, post-carbon filter and UF membrane.

Commenting on the seizure, a Kent RO spokesperson said that fake products are harmful to the consumers as they do not remove contaminants effectively. Officials said that a fake filter usually weighs lighter as it is made of cheap quality and urged to buy water filters from authorised dealers only.

Source: Times of India

Anti-counterfeiting solutions for pharma

Adulteration and fraudulent manufacture of medicines have been prevalent for quite some time now; the situation has only aggravated owing to technological developments and sophisticated methods of duplication.

To add to the problem, current regulations in developing countries do not account for illicit manufacture, trade, and consumption of counterfeit medicine.

Global trade has made this an international problem. Here are some facts which highlight the problem.

  • Fake drugs kill more than 250,000 children a year. (Source: The American Journal of Tropical Medicine and Hygiene)
  • In developed nations such as the US and Canada, about 1 percent of drugs sold are counterfeit. (Source: WHO IMPACT!)
  • Around 20% of all drugs sold in the Indian market are counterfeit. (Source: US Trade Representative Office Annual Report)
  • Fake drugs cost local economies between US$10bn and US$200bn a year. (Source: The Guardian)
  • Many fakes originate in China and India and have been found to contain everything from lead paint, printer cartridge ink, talc, brick dust, ground up drywall, and arsenic. (Source: Pfizer Spot the Fake Media Sheet)
  • Lifestyle drugs, such as Viagra, dominate the market for counterfeit medicines.

Illegitimate drugs are detrimental to the health of consumers often leading to liver & kidney failure and, ultimately, death. Additionally, counterfeit drugs can wreak havoc on a company’s profits causing them to suffer from irreparable damage to their brand reputation.

Anti-counterfeiting solutions can play an important role in the prevention of counterfeiting of drugs, preventing losses to a company’s revenue and reputation. Most importantly anti-counterfeiting solutions help in saving the lives of innocent consumers who unwittingly fall into the trap of buying fake drugs.

Holostik provides the best anti-counterfeiting solutions as per the requirements of the pharma industry.

Our solutions for the pharma sector include:

To find the ideal anti-counterfeiting solution for your pharma business, click here. To learn more about our products & solutions, call us on 785 785 7000 or drop us an email at connect@holostik.com.

Popular pharma products of GSK and Macleods face counterfeiting

Lately, India’s leading drug authority flagged almost 35 batches of medicines, including popular skin medication cream brands Betnovate and Panderm as they failed quality tests conducted last month. At the same time, companies that market these products in India said that the samples tested by the regulator were fake versions of their famous brands

Earlier this month, the Central Drugs Standard Organisation had marked specific batches of Betnovate C, Betnovate N & Panderm ++ failing in quality standards. According to the authority, the samples failed in tests conducted to determine their ingredients. The regulator also found that a batch of acidity drug Lupizole also failed in the tests.

While conducting the tests, CDSCO had identified batch number NG980 of Betnovate C cream for failing in identification tests along with tests of ‘assay’ of clioquinol- which means that the cream had fewer quantities of this ingredient. The batch number of EZ277 of Betnovate-N also failed in the identification test, whereas samples of Panderm ++ batch number PCF901A and Lupizole batch number T9004141 were declared substandard by the authority.

While commenting on the issue a spokesperson from GlaxoSmithKline which markets the product in India said that the two batches of Betnovate-N and Betnovate-C seized by Delhi Drug Control are counterfeits. He further added that the two batches were marked counterfeit by the company and the authority, after testing them at government labs and retesting at GSK sites. Meanwhile, GSK is coordinating with the regulator and providing its full support in the matter.

Macleods, which markets Panderm ++, has already filed a complaint with the drug regulator and Delhi Police over counterfeits of its skin treatment cream. A representative from the company said that the batch number listed by CDSCO is not correct and does not abide by the coding practices of Macleods Sikkim facility. Moreover, the details mentioned on the label are inaccurate which identifies the product as a counterfeit. Macleods had filed a complaint with the FDA and the Delhi Police in the month of August and September while an FIR has already been registered for the impugned counterfeit Panderm ++. Emailed queries to Lupin Ltd, which markets Lupizole in India, remained unanswered by press time Saturday.

Some quick facts:

  • In October 2019, Betnovate-C was the largest brand in the over Rs 210 crore betamethasone + clioquinol combination market, while Betnovate-N was the largest in the nearly Rs 195 crore betamethasone + neomycin combination market.
  • In October 2019, Betnovate-C was the largest brand in the over Rs 210 crore betamethasone + clioquinol combination market.
  • In October 2019, Betnovate-N was the largest in the nearly Rs 195 crore betamethasone + neomycin combination market.
  • According to AIOCD and PharmaTrac, Betnovate-C and Betnovate-C captured 100 percent and 98.78 percent of these markets.
  • Panderm ++ is also the top brand in its segment, capturing over 40 percent of the Rs 122.70 crore clobetasol + neomycin + miconazole combination market in October.

Source: Indianexpress.com

 

The growing challenge of counterfeiting in the FMCG industry

Of late, the FMCG sector has been suffering from the problem of counterfeiting. As per a report by FICCI CASCADE around 35% of FMCG items are fake. The study also reveals that around 80% of consumers believe that they are buying genuine goods.

The growth of fake goods in the FMCG sector has had an impact on both consumers and producers. While the manufacturers suffer from a tarnished brand image and low sales the consumer is at the risk of losing money and a bad impact on his or her health. He also says that unscrupulous manufacturers are also detrimental to the national economy.

Counterfeiters also repackage fake goods to make them visually similar to the genuine ones. It has been seen that old plastic water bottles are being repackaged and sold in the market, the same is the case with many other goods. Such deceptive duplication leads to a loss of consumers and brand owners as well.

In India, a large number of the population settled in rural parts of the country suffer from rampant counterfeiting of FMCG goods. With a little check of authorities and poor regulation and manufacturing guidelines counterfeiting is easily slipping in the pockets of the common man.

Advancements in technology and easy procurement of the same have made it possible for counterfeiters to establish little backyard factories and hubs for the manufacturing of duplicate items. It has also been observed that counterfeiters are making fake labels and packaging to dupe consumers. In the year 2014-2015 sale of FMCG, tobacco and alcoholic beverages constituted 65 percent of the total sales.

Holistik provides customized anti-counterfeiting, packaging and labeling solutions to deal with the problem of counterfeiting in the FMCG sector. To know more about our unique anti-counterfeiting solutions call us on +91–785-785-7000 or mail us at connect@holostik.com.

Why security holograms play an important role in product protection

Counterfeiting has reached to monstrous scale. According to a latest report by Research and Markets the value of counterfeiting has reached to a historic high of $1 trillion. No wonder, the world is flooded with counterfeits. Fake goods can be found anywhere from stores to local vendors, online e-commerce websites etc.

Every day, we come across news related to fake products. Counterfeit products not just lead to huge revenue losses but are also harmful for the health of the consumers. Counterfeiting is a menace for everyone.

The manufacturers have to suffer from drop down in sales due to fake products. Their highly branded products which take years of innovation are sold at the cost of peanuts in the market. This also damages their brand reputation. Moreover, if a consumer is duped with a fake product then he or she switches over to another brand.

In this grim situation one of the biggest challenge is to provide an impeccable anti-counterfeiting solutions which are durable and cost-effective at the same time.

Security holograms are perfect anti-counterfeiting tools that have come a long way in fighting counterfeiting. These are low-cost security devices with unique designs and are off late being used widely by manufacturers of almost all products. Holograms find its application in almost all industrial sectors including industrial, commercial and residential. It is one of the best devices to combat forgery.

Some of the benefits of using security holograms are:

  • These are cost-effective and easy to apply
  • Tamper-evident feature – if any attempt of opening the product is made, it is easily visible.
  • Exhibits multiple security features and functions
  • An additional layer to secure your products
  • Made using advanced technologies, hence very difficult and expensive for counterfeiters to copy.
  • Manages the supply chain effectively when paired with QR code or barcode.
  • Demotivates counterfeiters to replicate your product.

Holostik has been the leader in providing security holograms and other anti-counterfeiting products and solutions from the last 28 years. We make tailor-made holograms suiting your needs and requirements. We have holograms for all your products, needs and requirements. You name it, we have it. To know more about our security holograms call us on +91–785-785-7000 or mail us on connect@holostik.com.

The unique combination of anti-counterfeiting technologies against fake products

The value of counterfeiting has reached to a monstrous figure of around $1.3 trillion. This is because of the easy availability of manufacturing technologies which has made it possible for counterfeiters to copy the products. Fake products have become visually similar to the products and many times one may find it hard to distinguish between the two.

In order to tackle the menace of the growing menace of counterfeiting, technology experts have devised new ways to counter it. Different kinds of anti-counterfeiting technologies (overt, covert, forensic and digital) are being used nowadays to counter duplication. But, the most prominent ones are holographic and digital technologies that are used across different industries.

Holostik is one of the pioneers in amalgamating the power of holographic security along with digital security. The company is offering unique smart holograms which feature a combination of holographic properties and digital security.

Moving a step ahead in product authentication, Holostik has amalgamated the power of security holograms and QR code in a single security instrument. While security holograms are meant for physical authentication, the QR code is used for digital authentication along with a host of other IT solutions which include track& trace, inventory management, reward management, etc.

The biggest advantage of this impeccable combination is that even if a counterfeiter is able to copy one technology then he will not be able to copy the other. It’s just like providing multiple layers of security to the product and thus reducing the chances of possible duplication

Holostik believes that in today’s market different anti-counterfeiting technologies are not competing but are complementary to each other. Taking a cue from this the company offers a combination of physical or holographic security and digital security which serves as the best anti-counterfeiting solution against the menace of duplication.

If you want to know more about our anti-counterfeiting solutions then you may call us on +91–785-785-7000 or drop us a mail at connect@holostik.com.

Student arrested in Mumbai for selling fake Indian currency

The Mumbai Crime Branch recently arrested a 23-year-old student for printing and possessing counterfeit Indian currency with a face value of Rs 1.5 lakh. The student was also working as a delivery boy for an online portal. Surprisingly, the boy got the idea to make fake currency notes after he received counterfeit currency as a payment for the products, he had delivered for an online portal.

The student has been identified as Omkar Bhoir-a graduate student from Mumbai University.

Inspector Yogesh Chavan said that during interrogation Bhoir revealed that he found it difficult to identify fake currency, so he decided to print counterfeit notes.

Bhoir had been looking up online videos for printing fake Indian currency notes, he had also recently purchased a printer for Rs 10,000. Following a tip-off, he was arrested last week and fake currency with a face value of Rs 1.5 lakh was seized from his Kandivali residence, said police.

Bhoir had been looking up online videos for printing counterfeit Indian currency notes for which he had recently purchased a printer for Rs 10,000. After

“We found that he had in all printed fake notes with a face value of Rs 2.49 lakh,” said Chavan.

“He then tried using fake notes to purchase fruits and vegetables. He would purchase something worth Rs 50 by paying with fake notes with the face value of Rs 500. In return, he would get Rs 400 in genuine notes,” Chavan said.

Source: freepressjournal.in

Counterfeit currency notes have doubled after demonetization: NCRB

According to a report by National Crime Records, counterfeit Indian currency notes worth Rs 28.1 crore were seized in 2017 which is just double from the previous year’s mark of Rs 15.9 crore.

The report highlights that the new Rs 2000 note released after the November 2016 demonetization, accounted for Rs 14.97 crore of the currency seized in 2017.

The total number of notes confiscated by authorities was 3,55,994 -a rise of 26% from 2,81,839 seized in 2016. Among these there are 65,731 old Rs 1000 notes, 1,02,815 were old Rs 500 notes, 8,879 were new Rs 500 notes and 92,778 were Rs 100 notes.

With the announcement of demonetization on 8th November 2016, Prime Minister Narendra Modi had said that the move would help in fighting black money, corruption and terror funding. However, the NCRB said that the country’s bank received an all-time high amount of counterfeit currency. The report also adds that banks received an all-time high amount of counterfeit currency.

While talking to the news website The Print, an expert said that the reasons behind the rise of fake currency in India is that the government introduced new currency notes at different stages as well as the new colors.

On the other hand, N.R Bhanumurthy, Professor at the National Institute of Public Finance and Policy felt that it is a positive outcome of demonetization that people are now at least able to distinguish between fake notes from genuine ones.

Source: The Print

FDA finds traces of Asbestos in Johnson & Johnson’s baby powder

In a latest trouble for Johnson & Johnson, the international giant that manufactures medical devices, pharmaceutical and consumer packaged goods, the Food and Drug Administration has found traces of toxic asbestos were found from a bottle purchased in the US.

This is not for the first time that J&J has been caught for using asbestos. Last year, the Drug Controller General of India (DCGI) has ordered the company to stop using talc from its plant in Mumbai and Himachal Pradesh.

In the latest development, J&J is voluntarily recalling its lot which consists of 33,000 bottles and has urged the customers who bought the product not to use them.

The company is also claiming that the company is cooperating with the FDA to investigate how and when the product was contaminated.

FDA has further recommended the consumers to stop using the lot immediately and ask for a refund from J&J. The FDA had tested another lot of J&J’s baby powder which was negative for asbestos.

Source: ibtimes.com