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Ranbaxy's Singh brothers known for lucky timing find time in short supply

Singh brothers face legal woes from 2008 sale of Ranbaxy

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Ari AltstedterGeorge Smith Alexander
The Singh brothers are serial entrepreneurs known for pulling off one of the best-timed exits in the annals of Indian business. 

In 2008, they agreed to sell their family firm and India’s largest drugmaker, Ranbaxy Laboratories, to Japan’s Daiichi Sankyo Co for $4.6 billion — just months before the US Food and Drug Administration (FDA) banned imports at two of its Indian plants. That same year the US Department of Justice launched a probe, eventually resulting in a guilty plea by Ranbaxy and a $500-million fine for selling adulterated drugs. The Singhs were not named in the Ranbaxy probe.

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