GSK senior executives face China bribery investigation

Chinese authorities have announced that some senior executives of the local division of GlaxoSmithKline (GSK) are facing a criminal investigation.

They are being investigated for bribery and tax-related violations, said the Chinese Ministry of Public Security.

They are suspected of offering bribes to officials and doctors in an attempt to boost sales in the country.

GSK said in response to the allegations that it had found no evidence of bribery or corruption in China.

“We are willing to co-operate with the authorities in this inquiry,” the company said in a statement, adding that it had only just received official word of the “specific nature” of the investigation.

“We take all allegations of bribery and corruption seriously,” the statement said.

GSK senior executives are being investigated in China for bribery and tax-related violations

“We continuously monitor our businesses to ensure they meet our strict compliance procedures – we have done this in China and found no evidence of bribery or corruption of doctors or government officials. However, if evidence of such activity is provided, we will act swiftly on it.”

The Chinese Ministry of Public Security said in a statement that police had questioned some of the suspects.

It accused the firm of bribing government officials and doctors, as well as overstating tax receipts.

“The case involves many people, the duration of time is long, the amount of money involved is huge and the criminal activities are malicious,” the ministry said.

Senior executives at GSK are already being investigated by Changsha public security officials for “economic crimes”, the city’s police force said last month. However, it is not clear if the Changsha investigation is related to any of the latest allegations.

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

Spain: At Least 158 Killed In The Country’s Worst Flooding Disaster

At least 158 people have died in Spain's worst flooding disaster in generations. On October…

2 days ago

Russia Fines Google $20,000,000,000,000,000,000,000,000,000,000,000, Surpassing Global GDP

Google has been fined two undecillion (a two followed by 36 zeroes) roubles by a…

2 days ago

Financing Your Home Remodel: 7 Tips for Success

Embarking on a home remodel is an exciting journey, promising enhanced comfort, increased property value,…

2 weeks ago

Donald Trump Serves Up McDonald’s Fries While Kamala Harris Celebrates 60th Birthday with Church Choir

The US presidential candidates continued to campaign across key swing states on October 20. Footage…

2 weeks ago

America PAC: Elon Musk Promises to Award $1M Each Day to Swing States Voters

Elon Musk has said he will give away $1 million a day to a registered…

2 weeks ago

Canada Expels 6 Indian Diplomats Amid Khalistan Row

India and Canada have decided to expel their top envoys along with other diplomats as…

3 weeks ago