Monday, July 01, 2013

China detains GlaxoSmithKline staff for fraud: reports

Chinese police detained employees of GlaxoSmithKline Plc in the cities of Beijing, Shanghai and Changsha after allegations of data fraud and bribery, the South China Morning Post reported today, citing an unidentified person from Shanghai's pharmaceutical sector.

The official Xinhua News Agency reported yesterday that police in Changsha were investigating senior managers at the drugmaker's local unit for suspected involvement in "economic crimes." Xinhua didn't say how many people were involved.

GlaxoSmithKline will cooperate with the investigation, London-based spokesman Simon Steel said late yesterday in response to questions about the probe as reported by Xinhua. "At this stage, it is unclear what the precise nature or purpose of the investigation is," he said.

Steel didn't immediately respond to an email today seeking comment on the South China Morning Post report.

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