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Glaxo pleads guilty to 2001 Chinese bribery allegations

Jul. 17, 2014 2:44 AM ETGSK plc (GSK) StockGSKBy: Yoel Minkoff, SA News Editor1 Comment
  • GlaxoSmithKline (NYSE:GSK) has confessed to a more than decade-old scandal in which staff were caught bribing Chinese officials.
  • The admission does not fare well for the company which is also involved in a similar current lawsuit - accused of bribing doctors and officials to boost drug sales in China.
  • The DOJ is presently investigating the recent allegations. If a pattern is found, the Justice Department will likely take a tough stance towards the company.

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