He is a leading homeopathy manufacturer in India and is also the president of the Central Council of Homeopathy, the apex body overseeing homeopathy colleges.
He thought he could leverage his position as president of the council to promote his drugs.
His philosophy was simple - managements that wanted recognition from the council would have to buy up products manufactured by his firm Bakson's Drugs and Pharmaceuticals.
And it worked. As many as 37 colleges obtained recognition that way. But nemesis is now catching up with the man.
In the charge-sheet filed in a court in New Delhi on Monday, the Central Bureau of Investigation (CBI), CBI has accused SPS Bakshi (55), son of a renowned homoeopath, Dr Kirpal Singh Bakshi, of abusing his official position as the president of CCH, a statutory body constituted under the provision of Homeopathy Central Council Act, 1973 and granting recognition to 37 colleges. The council gets grant-in-aid from Ministry of Heath and Family Welfare.
"The extension of recognition was granted to the colleges despite the fact that they did not meet minimum requirements for the bachelor course of Homeopathy," said the charge-sheet.
Bakshi refused to extend the recognition to Homeopathic Medical College, Hoshiarpur (Punjab), because Dr SP Anand, secretary of the college had refused to purchase medicines worth Rs 5 lakh manufactured by Bakshi's company, the agency alleged. The CBI during the probe found that the said college met all the necessary pre-conditions for obtaining the Council's recognition.
On the other hand, Solan Homeopathy Medical College was granted permission despite not fulfilling the mandatory minimum requirement. It was later found one of the members of the college had bought drugs worth Rs nine lakh from Bakson's Drugs and Pharmaceuticals.
A few years ago, Bakshi was reportedly arrested by Kolkata police on charges of selling homeopathic medicines mixed with steroids, without a licence from the state drug control directorate, in his clinic in Kolkata.
CCH vice president Dr Ramjee Singh and secretary Dr Lalit Verma has been named a co-conspirator in the recognition scam.
Bakshi's Bakson's Drugs & Pharmaceuticals itself runs 30 super specialty homoeopathic clinics throughout the country.