Arab Today, arab today \dirty\ gsk inflated china prices with bribes
Last Updated : GMT 19:10:18
Arab Today, arab today
Arab Today, arab today

\'Dirty\' GSK inflated China prices with bribes

Arab Today, arab today

Arab Today, arab today \'Dirty\' GSK inflated China prices with bribes

Shanghai - AFP

A Chinese state newspaper on Wednesday called GlaxoSmithKline, which is under investigation for bribery in China, \"dirty and devious\", accusing the British drug firm of inflating its prices. Chinese authorities say GSK staff bribed government officials, pharmaceutical industry groups, hospitals and doctors to promote sales. An editorial in the China Daily newspaper said the company passed on the cost of hundreds of millions of dollars in bribes directly to consumers. \"The bribery case involving GlaxoSmithKline... points to another conduit that pushes up the prices of medicine,\" the editorial said. \"The money used to lubricate drug sales and prescriptions contributes 20 to 30 percent to the prices patients pay for their medicine.\" The Chinese government, in another investigation, is currently checking 60 pharmaceutical companies over their prices, a move analysts say is aimed at cutting healthcare costs for ordinary Chinese. Foreign baby formula companies have also been targeted recently. GSK gave the bribes directly a nd through travel agencies and project sponsorship, the ministry of public security said last week. Police have detained more than 20 people, including four top executives of GSK and pharmaceutical and travel industry officials. \"It is a shame that such a well-known transnational pharmaceutical firm has promoted its sales in such a dirty and devious way,\" said the China Daily, a state-run English-language paper. \"These bad apples should receive the punishment they deserve for what they have done,\" it said. Chinese state television on Tuesday aired an interview with one of the four detained GSK executives, vice president and operations manager Liang Hong, who gave details of how the bribes were made. \"In terms of getting (drugs) into hospitals, there are tendering offices throughout the country, heads and directors of pharmacies in different hospitals that we need to contact,\" he said. GSK said Monday it was \"deeply concerned and disappointed by these serious allegations of fraudulent behaviour and ethical misconduct by certain individuals at the company and third-party agencies\". An editorial in another state-backed newspaper, the Global Times, said the GSK case provided a \"lesson\" for those engaged in bribery. \"It\'s notable that some foreign-invested companies have engaged in very serious, brazen bribery in China,\" said the newspaper, known for its nationalistic editorial stance. \"If China strengthens its crackdown on both bribers and corrupt officials at the same time, the effects of the anti-corruption campaign will be doubled.\" China\'s new leadership, led by President Xi Jinping, has vowed to tackle corruption but analysts say such campaigns are often short-lived and rooting out graft will require fundamental reforms.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today \dirty\ gsk inflated china prices with bribes Arab Today, arab today \dirty\ gsk inflated china prices with bribes

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today \dirty\ gsk inflated china prices with bribes Arab Today, arab today \dirty\ gsk inflated china prices with bribes

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday