China fines local pharma for bribing former hospital president
Chang Liu
April 22, 2016
Hainan Province Administration of Industry and Commerce (AIC) recently imposed a fine of 833,186.97 RMB (about $129,000) to Hainan Xi Fu Hua Pharmaceutical Company Limited.
The AIC said that during 2010-2013, the legal representive of Hainan Xi Fu Hua Pharmaceutical, Huang, bribed the former president of Wanning People’s Hospital, Lin Junjie, on eight occasions in the total amount of 80,000 RMB (about $12,300), which was not reflected in the company’s accounting records.… Continue Reading