China says GSK executives have confessed to bribing doctors

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Executives working for the UK drug maker GlaxoSmithKline in China have confessed to “serious” corruption and tax-related offences.

The allegations, which the ministry classified as “serious economic crimes”, include the bribing of doctors and officials in order to “open new sales channels and increase drug revenues”. The employees are also claimed to have used fake receipts to violate tax regulations, according to a statement on the ministry’s website. It did not reveal the employees’ identities, how many were detained or when they were questioned.

Link to the article:
http://www.guardian.co.uk/business/2013/jul/11/glaxosmithkline-china-executives-confess-bribery-doctors

Remember, there are always three parties to a bribe: the briber, the recipient, and the bank. 

Any guess when the bank is charged? Don’t hold your breath…..HK

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On July 11, 2013
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One Response to China says GSK executives have confessed to bribing doctors

  1. Interesting point about the bank involvement, although to be fair, if there were 700 different travel companies acting as fronts it would have been hard for them to pick up. I think before everyone jumps on the bandwagon and points fingers at GSK we should remember there i a concerted campaign against Western companies operating in China, anyone remember rio tinto from australia? The article i linked to lists SEVERAL other similar cases:

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