GSK Sent Bribes Through Travel Agencies, China Says

Law360, New York (July 15, 2013, 1:21 PM EDT) -- Chinese authorities reportedly made new detailed accusations over British drugmaker GlaxoSmithKline PLC’s alleged bribery in the country, describing a lurid scheme involving travel agencies that helped transfer illicit payments to doctors and offered “sexual bribery” to GSK executives.  

Glaxo’s alleged scheme to bribe doctors to prescribe their drugs involved transferring funds to them through travel agencies, a Chinese Public Security Bureau leader, Gao Feng, said at a news conference in Beijing, according to the Wall Street Journal.

The firm has sent some 3 billion Chinese yuan...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.