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GSK Officials in China Detained over Corruption Charges

publication date: Jul 1, 2013
GlaxoSmithKline officials in three China cities – Shanghai, Beijing and Changsha – were detained by authorities in what appears to be a bribery scandal. Officials would say only that they were investigating economic crimes. Apparently, a whistleblower from inside the company alleged that GSK bribed doctors and hospital officials to prescribe the company’s products. On Friday, GSK’s Shanghai office was closed, and several people were “seized,” including a high-ranking foreign-born senior finance executive. No charges have been filed, and few details are known for certain at this moment. More details....

Stock Symbol: (NYSE: GSK)

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