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Ministry of Public Security: GSK Spent $489 Million on Bribes in China since 2007

publication date: Jul 16, 2013
According to China’s Ministry of Public Security, GlaxoSmithKline spent $489 million on bribes to China doctors, hospital managers and public officials from 2007 to the present. That is the amount of money GSK paid to travel agencies during the period. It isn’t clear whether the total includes some legitimate travel expenses. The travel agencies were so grateful they supplied “sexual favors” to GSK officials to keep the company’s business. More details....

Stock Symbol: (NYSE: GSK)

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