Ramancha signed the takeover. Ramancha ran the company. Ramancha is on the FIR. None of this is in dispute, yet none of it has been reported.
In articles that have circulated about the Patiala House Court Ozempic proceedings, one date is conspicuously absent: March 20th, 2023.
That is the date on which the previous co-owner of R&R Premier Medical Equipments Trading LLC, one of the three entities named in FIR No. 0075, transferred his entire ownership interest in the company to Vicky Ramancha pursuant to a company takeover agreement.
The transfer was complete. The departing shareholder walked away from the company that day with no equity, no directorship, no operational role, and no continuing involvement of any kind. From then onward, R&R Trading was Ramancha’s company, run by Ramancha, for Ramancha’s benefit.
That date is decisive because every event presently under investigation by the Economic Offences Wing post-dates it. The supplies of allegedly counterfeit product to Assure Global LLC, the conduct underlying the FIR registered in June 2025, the operational decisions taken inside R&R Trading — all of it began in September 2023 and continued thereafter. By the time the first allegedly fraudulent shipment is said to have moved, the company had been under Ramancha’s sole control for six full months.
What followed Ramancha’s acquisition of sole control was the work of a single, sophisticated operator. The Chinese supplier relationships on which the alleged scheme depended were purportedly his — cultivated, maintained, and directed by him personally. The shipping arrangements, the corporate routing through the Gulf, and the onward distribution to the United States counterparty were not improvised; they were structured. The operation, in its design and execution, allegedly bears the marks of a man who understood precisely what he was doing, intended every part of it, and ran it with professional competence from end to end. None of that conduct can be laid at the door of a former shareholder who had been out of the company for six months by the time it began.
The chronology, as the documents record it
- March 20th, 2023. The previous co-owner transfers his entire interest in R&R Trading to Ramancha under a Company Takeover Agreement. From this date, the company is Ramancha’s alone.
- September 2023. Earliest of the events presently under investigation by the EOW — six months after the ownership transfer.
- June 3rd, 2025. FIR No. 0075 registered. Accused: Ramancha, R&R Global Procurement Corp., R&R Trading. The former co-owner is not named.
- September 2025. EOW status report notes the former co-owner’s name has “surfaced”; role “is being ascertained.” Investigation described as preliminary.
- January–May 2026. Four articles publish characterizations of the former co-owner that are unsupported by the underlying documents and contradicted by them.
Read in that order, the documents leave no room for ambiguity. Swapnadip Roy is innocent. The blame placed upon him in the four articles is fake, not a matter of weak evidence, but of an event he had no part in, in a company he no longer owned, in a period during which he had no involvement.
In commercial criminal law, attribution turns on who controlled the entity at the time the impugned acts were committed. Ramancha bought the company, signed for it, took control of it, and is now accused in connection with what was apparently subsequently done with it. That is the chain of responsibility. It has one name on it.
The reporting nevertheless presents the company’s history as though the 20 March 2023 transfer never occurred. It does this by simple omission. The Company Takeover Agreement is not mentioned. Ramancha’s acquisition of sole control is not mentioned. The reader is invited to assume that R&R Trading throughout its history was somehow jointly run, or that the former co-owner continued to be involved in 2023, 2024, and 2025. None of that is true. All of it is directly contradicted by an executed, contemporaneous document.
Ramancha is a party to the Company Takeover Agreement. He signed it. He took receipt of the equity. He assumed control. He cannot now disown the transaction in private while allowing the press to write as though it never happened. There is only one person who benefits from that omission, and only one person it harms, which is precisely the point.
A serious examination of the case requires only that the documents be read in chronological order. The Company Takeover Agreement is dated March 20th, 2023. The first alleged impugned conduct is dated September 2023. The FIR is dated June 3rd, 2025. The accused are named in that FIR; the former co-owner of R&R Trading is not among them. Placed side by side, those documents do not raise a question about him. They answer it.
