WebJan 25, 2015 · The Chinese anti-corruption prosecution is a true game-changer for enforcment of anti-bribery laws. But more than simply being … WebSep 19, 2014 · Drug giant GlaxoSmithKline has apologized to China for bribing health care workers and will pay a fine of nearly half a billion U.S. dollars. The UK company was found guilty of offering bribes to ...
The new dynamics between the state, local ideals, and (anti …
As GSK bribery in China was a breach of US's Foreign Corrupt Practices Act during 2010–13, the Securities and Exchange Commission launched an investigation into the company. In September 2016, GSK agreed to pay a civil penalty of $20 million to settle the case, but it did not admit or deny the … See more The GSK China scandal was an imbroglio where the China branch of the global drugmaker GlaxoSmithKline (GSK) pleaded guilty to paying bribes to doctors and hospitals to promote the company's products in China. See more Emails to Chinese regulators Since December 2011, 24 anonymous tips from inside the GSK China were sent to Chinese regulators in 17-month time, which was not … See more Early evidence The Chinese police denied that it was because of the internal conflicts and tips from inside the company that they launched the investigation. According to Xinhua, a state run media outlet, and the … See more The trial on the company's commercial bribery was held in the Chinese city of Changsha on 19 September 2014. According to Xinhua, the trial at Changsha Intermediate People’s Court was not public as requested by GSK who wanted to keep business … See more Loose control over foreign companies China opened up its economy to global corporations since 1978 when it decided to adapt to a more market-driven economy. As American legal academic Jerome Cohen said, "for a long time, there’d been this policy of going … See more In March, 13 executives of the company's London headquarter, including the CEO Andrew Witty, received an email with a sex tape as an attachment from an anonymous writer … See more Bribery to doctors The patent of GSK's leading hepatitis drug, Heptodin, expired in 2006. To cope with this, the company launched Changcheng (Chinese: 长城计划; lit. 'Great Wall Project') and Longteng (Chinese: 龙腾计划; lit. 'Dragon Flying … See more WebBritish pharmaceutical company GlaxoSmithKline (GSK) discovered this firsthand when, in 2014, the company was fined $489 million by Chinese courts for bribing doctors and hospitals to use its products and bribing government officials and regulators to ease monitoring … control science and technology
Legal commentary on the GSK China bribery case - Lexology
WebJul 15, 2013 · The Chinese authorities have stepped up their investigation into GlaxoSmithKline accusing it of being the ringleader of a half-a-billion-dollar bribery scandal involving 700 companies. In a rare ... WebJun 23, 2024 · After a bribery scandal in China, GSK found a suspected whistleblower. The real one is still waiting in the shadows. A larmed that colleagues were bribing Chinese doctors and giving kickbacks to ... WebMay 16, 2014 · "GSK's practices eroded its corporate integrity and could cause irreparable damage to the company in China and elsewhere. The case is a warning to other multinationals in China that ethics matter ... controls blood glucose