Glaxo says executives may have broken Chinese law

Source: Associated Press

Glaxo says executives may have broken Chinese law
Published: July 22, 2013 Updated 14 minutes ago
By JOE McDONALD — AP Business Writer


BEIJING — Drug manufacturer GlaxoSmithKline, under investigation on suspicion its employees bribed Chinese doctors, said Monday some of its executives may have broken the law.

The British company said its president for Asia-Pacific and emerging markets met with Chinese police officials who are investigating whether GSK employees bribed doctors and hospital administrators to prescribe its drugs.

"Certain senior executives of GSK China who know our systems well appear to have acted outside of our processes and controls, which breaches Chinese law," the executive, Abbas Hussain, said in a statement.

The police ministry has said four employees of GSK's China unit, including a vice president, have been detained. The company says its finance director for China is barred from leaving the country but is not detained.

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