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The Case of Adar Poonawalla: Investing Indian Taxpayers' money in UK?

Serum Institute of India (SII) is the producer and distributor of the AstraZeneca-OxfordUniversity Covid19 vaccine (COVISHIELD) in India and other third world countries. Adar Poonawalla, the CEO of Serum Institute of India had recently fled to London, citing 'threats' from Chief Ministers of states, some corporate bosses and VIPs. But Mr. Poonawalla had been making flip flopping his statements regarding the delay in Covishield production and the difference in its cost (sold at higher costs to state governments and private hospitals when compared to central government). We will follow the chronology of events to understand what really is going on here- based on news articles:

Late March, 2021: AstraZeneca sends legal notices to SII over delays in vaccine supplies. (Click Here).


April 6, 2021: Poonawalla demands 3000 crores aid from the government for the production of Covishield. Suggests that SII had lost millions as India had haulted/slowed the export of Covishield-attracting a legal notice from AstraZeneca. (Click Here).



April 19, 2021: Center approves 3000 Crores INR for SII, after PM Modi visit to SII. (Click Here).



April 29, 2021: Mr. Poonawalla gets Y class security from the central government after he had complained (in media) that he was getting threats from VIPs and political leaders in India. Some opposition leaders and Social Media demand Mr Poonawalla to name the people who were threatening him and to officially lodge a complaint against those people. (Click Here).


May 1 and 2, 2021: News of Mr. Poonawalla's great escape- along with his family- to London makes headlines in all major news portals. Mr. Poonawalla manages to leave India just before Britain bans flights from India. (Click Here).

May 4, 2021: Prime Minister of Britain, Boris Johnson announces that Serum Institute of India would invest 240 Million GB Pounds (2400 Crores INR) for vaccine production in Britain. (Click HERE).


May 4, 2021: Downing Street announces that SII's investment in Britain is a part of  plans for 1 Billion BGP India-UK Enhanced Trade Partnership creating around 6500 jobs in Britain! And that, SII is among a list of 20 companies which would invest in Britain. (Click Here).


By connecting the dots it appears that Mr. Poonawalla had taken the 3000 Crores from India and planning to invest it in London. For sure green pastures of huge vaccine markets of Europe and US are waiting for him. I might be wrong, but for a common man, this entire episode looks too fishy and suspicious. What really happened can never be known for sure.

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