GlaxoSmithKline executives admit to corruption
Last week China's security minister announced that executives working for GlaxoSmithKline had confessed to serious corruption and tax related offences.
The allegations which the ministry classified as 'serious economic crimes', included the bribing of doctors and officials in order to 'open new sales channels and increase drug revenues'.
The Guardian reported that according to a statement on the ministry's website, the employees were also accused of using fake receipts to violate tax regulations.
It did not reveal the employees' identities, how many were detained or when they were questioned. The statement said 'after initial questioning the suspects have admitted to the crimes, and investigation is ongoing'. Adding that police were carrying out investigations in Shanghai, Zhengzhou and Changsha, where GSK employees were detained two weeks ago on charges of fraud.
A spokesman for GSK rejected the charges stating 'we take all allegations of bribery and corruption seriously. We continuously monitor our businesses to ensure they meet our strict compliance procedures. We have done this in China and found no evidence of bribery or corruption of doctors or government officials. however, if evidence of such activity is provided we will act swiftly on it'.
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GlaxoSmithKline will appear in our guide to soft drinks due out in August 2013.
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