Glaxo says executives may have broken Chinese law
Source: Associated Press
Glaxo says executives may have broken Chinese law
Published: July 22, 2013 Updated 14 minutes ago
By JOE McDONALD AP Business Writer
BEIJING Drug manufacturer GlaxoSmithKline, under investigation on suspicion its employees bribed Chinese doctors, said Monday some of its executives may have broken the law.
The British company said its president for Asia-Pacific and emerging markets met with Chinese police officials who are investigating whether GSK employees bribed doctors and hospital administrators to prescribe its drugs.
"Certain senior executives of GSK China who know our systems well appear to have acted outside of our processes and controls, which breaches Chinese law," the executive, Abbas Hussain, said in a statement.
The police ministry has said four employees of GSK's China unit, including a vice president, have been detained. The company says its finance director for China is barred from leaving the country but is not detained.
Read more: http://www.theolympian.com/2013/07/22/2632561/glaxo-says-executives-may-have.html#storylink=cpy
newfie11
(8,159 posts)It's considered business as usual.
Go figure, crazy world.
FrodosPet
(5,169 posts)But Transparency International has a hard time getting the data.
http://blogs.wsj.com/chinarealtime/2013/07/10/china-absent-from-global-corruption-report/
If you want to read a sad story about the effects of corruption in China:
http://www.newyorker.com/reporting/2012/10/22/121022fa_fact_osnos
newfie11
(8,159 posts)Is the elected politicians that are owned by big corporations.
Yeah it's not called bribery here, it's called donations and future job placement.
No matter what the name, the results are the same. They vote as told and could care less about those they represent.