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Sanofi (France) (SAN.PA) Fingered as China's Drug Bust Continues



8/12/2013 8:11:22 AM

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Sanofi, France's largest drugmaker, is the latest foreign firm to be implicated in a corruption crackdown carried out by Chinese authorities. The Paris-based company has been accused of paying bribes, disguised as research grants, totaling 1.69 million yuan to 503 doctors at 79 hospitals in Beijing, Shanghai, Guangzhou and Hangzhou in 2007, state-owned news agency Xinhua reported. The municipal health bureau in Beijing will coordinate the investigation into Sanofi's practices, a bureau official told Xinhua.

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