GlaxoSmithKline execs allegedly confess to bribery

By Staff | July 11, 2013 | Last updated on July 11, 2013
1 min read

China’s security ministry says a number of GlaxoSmithKline executives have confessed to allegations of bribery and tax code violations, Reuters reports.

Read: SNC-Lavalin dismisses new bribery allegations as history

“Bribes were offered to Chinese government officials, medical associations, hospitals and doctors to boost sales and prices, the ministry said in a statement on its website on Thursday. GSK executives also used fake receipts in unspecified tax law violations, it added.”

Read the rest here.

Also read:

China’s pressure on Apple politically motivated: FT

“Arrogant” Apple apologizes to China

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.