More NewsGlaxoSmithKline Faces Further Bribery Charges

GlaxoSmithKline Faces Further Bribery Charges

GlaxoSmithKline (GSK) is facing further allegations of bribery – this time in Iraq – in addition to the charges levelled against the group last July
in China
.

The latest claims made against the UK’s biggest pharmaceuticals group is that it hired Iraqi government doctors and pharmacists, paying them to act as sales representatives to boost revenues for its medicines improperly.

According to a
Wall Street Journal
report, an employee involved with GSK’s Middle East operations reported the alleged corrupt practices in Iraq – which are said to have begun in 2012 but have continued until now – to executives in the UK. The emails claim that the alleged malpractice violated both the US Foreign Corrupt Practices Act (FATCA) and the UK’s Bribery Act.

“We are investigating allegations of improper conduct in our Iraq business. We have zero tolerance for unethical or illegal behaviour,” a GSK spokesman said. “These allegations relate to a small number of individuals in the country. However, we are investigating whether there has been any improper conduct.”

In China, where an investigation in to the group’s activities continues, GSK’s Chinese sales fell by 61% in Q313 and 18% in Q4 after its offices were raided by Chinese police and staff were arrested.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

2m The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

5m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

6m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

6m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

6m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

7m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

7m Tasja Botha