The UK Serious Fraud Office said Friday it has closed bribery investigations into UK-based GlaxoSmithKline PLC and individuals at subsidiaries of Rolls-Royce Holdings PLC.… Continue Reading
It has been over five years since the start of the GlaxoSmithKline case that rocked the China healthcare industry. At the time, compliance, audit and legal teams were shocked by the prevalence of integrity and corruption issues that had apparently gone unidentified, despite the widespread practice of generating slush funds through fraudulent travel expense claims.… Continue Reading
A federal judge in Philadelphia Friday dismissed a civil complaint against UK-based GlaxoSmithKline brought by a British private investigator and his American wife and their China-based company.… Continue Reading
A report by David Barboza of the New York Times details how an apparently highly-placed whistleblower in GlaxoSmithKline’s China operation sent the head office in London a series of long, well-written memos about illegal sales practices that directors, executives, and auditors chose to ignore.… Continue Reading
The Securities and Exchange Commission said Friday UK-based pharma GlaxoSmithKline plc will pay a $20 million civil penalty to settle charges that it violated the Foreign Corrupt Practices Act when China-based subsidiaries spent millions of dollars on pay-to-prescribe schemes for several years to pump up sales.… Continue Reading
The U.S. Attorney’s Office for the Eastern District of Pennsylvania filed an indictment Wednesday charging five people in an alleged scheme to steal trade secrets from pharma giant GlaxoSmithKline.
The defendants are:
Yu Xue, 45, of Wayne, Pennsylvania
Tao Li, 42, of Nanjing, China
Yan Mei, 36, of Nanjing, China
Tian Xue, 45, of Charlotte, North Carolina, and
Lucy Xi, 38, of West Lake Village, California.
The indictment includes charges of conspiracy to steal trade secrets, conspiracy to commit wire fraud, conspiracy to commit money laundering, theft of trade secrets, and wire fraud.… Continue Reading
British investigator Peter Humphrey and his American wife Yu Yingzeng have been released early from prison in China.
Humphrey and Yu were jailed in August last year for illegally obtaining and selling personal information of Chinese citizens.… Continue Reading