China 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.”