China National News: Executives of GlaxoSmithKline China face bribery charges

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GlaxoSmithKline-China-briberyChina National News Thursday 11th July, 2013

“Senior executives of a Chinese subsidiary of British drug giant GlaxoSmithKline (GSK) have confessed to “serious economic crimes”, China ministry of public security said.

  • GlaxoSmithKline Plc (GSK) executives alleged to have used fake receipts in unspecified tax law violations
  • Last week, European food groups Nestle and Danone said they would cut the price of infant formula milk in China after Beijing launched a probe
  • In a statement to Sky News, GSK denied the allegations

“The ministry said the case against GSK involved a large number of staff and a huge sum of money over an extended period of time, with bribes offered to Chinese government officials, medical associations, hospitals and doctors to boost sales and prices.”

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