China Probes Staff of Britain's GlaxoSmithKline (GSK) After Corruption Claims Aired
7/1/2013 6:23:17 AM
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Police in China have reportedly detained an unknown number of employees for U.K. pharmaceutical giant GlaxoSmithKline GSK -0.26% amid allegations of improper payments made to health officials. State media said Monday that police in the city of Changsha were investigating senior management at Glaxo for suspected “economic crimes“. Corruption cases are in this vague category. The South China Morning Post reported that Glaxo staff in Beijing, Shanghai and Changsha had been detained since last week and that a foreign finance manager had been held in Shanghai, the firm’s China headquarters. A call Monday to Glaxo’s UK media relations office wasn’t immediately returned.
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