Friday, September 19, 2014

Corruption: pharmaceutical giant in China sentenced – DiePresse.com

Corruption: pharmaceutical giant in China sentenced – DiePresse.com

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Beijing A court in China has the British pharmaceutical giant GlaxoSmithKline (GSK) for corruption to a large fine and the former China convicted boss of the company to a prison sentence. GSK had three billion yuan (379.31 million euros) to pay a fine, reported on Friday, the Chinese state news agency Xinhua. The former China chief of the group, Mark Reilly, and “other responsible parties” were sentenced to two to four years in prison

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The authorities are investigating since last summer against the pharmaceutical giant. You throw GSK claims to have built a broad-based system of corruption in China, to drive sales. According to investigators, GSK announced since 2007, the equivalent of almost 365 million euros for bribes from.


 

Some doctors should have received seven to ten percent of the sale price, if they GSK prescribed medications. According to previous reports from Xinhua, there are a total of 46 suspects in the case. Dozens GSK employees in China have been arrested. The former China chief Reilly should have his staff ordered the payment of bribes, Xinhua reported. The police of the city of Changsha, consider the manager as responsible for ensuring that money flowed among others to hospitals, doctors and medical organizations.

Thanks to the bribes have Reilly Company brings illegal sales of several billion yuan. The Briton Reilly had left the country after the announcement of the first allegations, but returned a short time later returned to China. (APA)

(“The Press”, print edition, 20/09/2014)

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