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REUTERS: Chinese police charge British former head of GSK in China with bribery
http://www.reuters.com/article/2014/05/14/us-china-glaxosmithkline-idUSBREA4D03720140514
Chinese police charge British former head of GSK in China with bribery
BY MEGHA RAJAGOPALAN AND KAZUNORI TAKADA
BEIJING/SHANGHAI Wed May 14, 2014 9:12am EDT
Reuters) - Chinese police on Wednesday said they had charged the former British boss of drugmaker GlaxoSmithKline PLC's China business and other colleagues with corruption, after a probe found the firm made billions of yuan from elaborate schemes to bribe doctors and hospitals.
Mark Reilly and two Chinese executives, Zhang Guowei and Zhao Hongyan, were also suspected of bribing officials in the industry and commerce departments of Beijing and Shanghai, the official Xinhua news agency reported, quoting police in Hunan province.
The case is the biggest corruption scandal to hit a foreign company in China since the Rio Tinto affair in 2009, which resulted in four executives, including an Australian, being jailed for between seven and 14 years.
GSK is Britain's biggest drugmaker.
"
GSK) departments offered bribes to hospitals and doctors as well as personnel to boost their sales. The money involved was in the billions of yuan," a Ministry of Public Security official told a press conference in Beijing.
<>
Chinese police charge British former head of GSK in China with bribery
BY MEGHA RAJAGOPALAN AND KAZUNORI TAKADA
BEIJING/SHANGHAI Wed May 14, 2014 9:12am EDT
Reuters) - Chinese police on Wednesday said they had charged the former British boss of drugmaker GlaxoSmithKline PLC's China business and other colleagues with corruption, after a probe found the firm made billions of yuan from elaborate schemes to bribe doctors and hospitals.
Mark Reilly and two Chinese executives, Zhang Guowei and Zhao Hongyan, were also suspected of bribing officials in the industry and commerce departments of Beijing and Shanghai, the official Xinhua news agency reported, quoting police in Hunan province.
The case is the biggest corruption scandal to hit a foreign company in China since the Rio Tinto affair in 2009, which resulted in four executives, including an Australian, being jailed for between seven and 14 years.
GSK is Britain's biggest drugmaker.
"
GSK) departments offered bribes to hospitals and doctors as well as personnel to boost their sales. The money involved was in the billions of yuan," a Ministry of Public Security official told a press conference in Beijing.
<>
