Brothers Vijay and Bhikhu Patel, who founded two of the four companies named by The Times, have received a string of awards and honorary degreesMATT CARDY/GETTY IMAGES
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Drug companies that raised the price of medicines by up to 12,500 per cent could face multimillion-pound fines after the government called in the competition watchdog.

Jeremy Hunt, the health secretary, asked the Competition and Markets Authority (CMA) urgently to examine evidence uncovered in an investigation by The Times, which revealed that a select group of entrepreneurs had made a fortune exploiting a loophole in NHS pricing rules.

The companies face limited competition on long-established, off-patent drugs, which they bought from large pharmaceutical companies. By dropping the brand name, the medicines are taken outside NHS profit controls and suppliers are ....