Minggu, 14 Juli 2013

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Chinese police detail GSK probe

GlaxoSmithKline logoGSK says it is cooperating with authorities but has denied wrongdoing

Police in China have released details of their investigation into alleged bribery by British pharmaceuticals company GlaxoSmithKline .

Four senior Chinese executives from GSK have been held, said Gao Feng, head of the economic crimes investigation unit at a news conference.

He said GSK had transferred as much as 3bn yuan ($489m; £323m) to travel agencies and consultancies since 2007.

GSK has said it has not found any evidence of corruption.

However, the company said in a statement last week that it was cooperating with authorities.

On 11 July, the Ministry of Public Security said GSK executives had confessed to bribery and tax violations. Authorities said they suspect GSK of offering bribes to officials and doctors to try to boost sales in China.

On Monday, Mr Gao did not go into how much of the money was spent allegedly bribing officials and doctors.

"We have sufficient reason to suspect that these transfers were conducted illegally," he said. "You could say the travel agencies and GSK were criminal partners."



Source: BBC News - Business http://www.bbc.co.uk/news/business-23310978#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa