China hands drugmaker GSK record $489 million fine for paying bribes
(Reuters) - China fined GlaxoSmithKline Plc (GSK.L) a record 3 billion yuan ($489 million) on Friday for paying bribes to doctors to use its drugs, underlining the risks of doing business there while also ending a damaging chapter for the British drugmaker.
A court in the southern city of Changsha handed suspended jail sentences to Mark Reilly, the former head of GSK in China, and four other GSK executives of between two and four years, according to state news agency Xinhua.
Briton Reilly, shown on state television wearing a suit and looking tired during the trial, will be deported, a source with direct knowledge of the case said.
The verdict, handed out behind closed doors in a single-day trial, highlights how Chinese regulators are increasingly cracking down on corporate malpractice.
More Here: http://www.reuters.com/article/2014/09/19/us-gsk-china-idUSKBN0HE0T...
Replies to This Discussion
-
Permalink Reply by Nikki on
-
The fines are just a slap on the wrist and they will continue business as usual.
-
-
Permalink Reply by Tara on
-
They did get jail sentences too, however shortened. "A court in the southern city of Changsha handed suspended jail sentences to Mark Reilly, the former head of GSK in China, and four other GSK executives of between two and four years, according to state news agency Xinhua."
You wouldn't see that happen in the US. Every Institution, from big Government down to public schools are in bed with Big Pharma. :(
-
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
"Burbia, we now know from Dr. Stevn Greer that there are 3 kinds of UAP's -alien or NHI,…"
"There's the story of John Dee making a deal with entities leading up to splitting the atom and…"
Escape from the Clown Show
I said stop and you say goOver the proverbial cliff don’t you know?People can’t seem to escape from…See More
General Dynamics Was Contracted By Pentagon To Run An Anti-Vaccine Psyop? Deep insight from a reader comment...
A top notch comment from a Substack post. I nominate this individual as as commenter of the year…See More
Mel Gibson's message to Newsom: 'Spend less on hair gel!'
Actor Mel Gibson joins ‘The Ingraham Angle’ to call out California leaders over their response to the deadly wildfires scorching Los Angeles County. #foxnews...
© 2025 Created by truth.
Powered by
