GlaxoSmithKline

[shierwin]

GSK in China was fined RMB 3 billion dollars for corruption practices...

http://news.cntv.cn/2014/09/19/VIDE1411123319862391.shtml

 

[9V-Orion Images]

GlaxoSmithKline (GSK) wasn't fined for corruption. They are being punished instead for giving too little.

 

[daredevil123]

GlaxoSmithKline (GSK) wasn't fined for corruption. They are being punished instead for giving too little.

I think you better understand the entire issue more before shooting out statements like that...

 

[9V-Orion Images]

I think you better understand the entire issue more before shooting out statements like that...

Please, enlighten me.

 

[daredevil123]

Please, enlighten me.

Info is all out there. Read it yourself. Then make some deductiins. Some tacit info i also cannot share.

But to sprout nonsense in your previous post is just ridiculous.

 

[9V-Orion Images]

Info is all out there. Read it yourself. Then make some deductiins. Some tacit info i also cannot share.

But to sprout nonsense in your previous post is just ridiculous.

I did..., thus the deductions...

China Fines Glaxosmithkline Nearly $500 Million In Bribery Case
By Keith Bradsher & Chris Buckley @ 19 September 2014​

...

Beijing officials have gone out of their way in the last two weeks to deny complaints by foreign business groups and governments that China’s continuing legal crackdown represents an effort to discriminate against multinational companies and help Chinese companies compete. The Glaxo case showed that “an open China is not a lawless one,” Xinhua, the official news agency, said in a commentary.

But the Glaxo case underlines the dangers for multinationals as they continue to do business in a country where corruption has been widespread and where the legal and regulatory system has shown a greater willingness to prosecute foreign companies.

Two antitrust lawyers involved in other cases said in separate interviews that Chinese officials had rushed investigations along, sometimes in a few weeks, with little chance for multinationals to present their side. In some antimonopoly cases this summer, multinational company executives have not even been allowed to bring their lawyers to meetings with regulators, the lawyers said, both of whom insisted on anonymity because they were representing clients in litigation.

In many cases, regulators demanded that multinationals sharply reduce prices for products. Glaxo and a growing list of automakers have already done so.

...

But the case escalated in May, when Chinese police accused Mr. Reilly, a Briton, of orchestrating a “massive bribery network.” Mr. Reilly and two Chinese-born executives, Zhang Guowei and Zhao Hongyan, had even bribed government officials in Beijing and Shanghai, they said. The names of the other defendants are Liang Hong and Huang Hong.

In its statement, Glaxo said that the court, the Changsha Intermediate People’s Court, had found the company guilty only of bribing nongovernmental personnel. The statement made no mention of any conviction for bribing government officials, a more politically delicate issue as President Xi Jinping of China pursues a broad campaign to root out corruption.

The accusations sent a chill through the industry when they came out last year. Many global drug makers used the same Shanghai travel agency that the authorities in the Glaxo case said had altered corporate travel expenses to pay cash bribes.

“It’s very hard to do business in the Chinese health care and pharmaceutical sectors without doing payoffs,” said David Zweig, the director of the Center on China’s Transnational Relations at the Hong Kong University of Science and Technology. “Everyone else pays bribes. Glaxo just got caught.”

...

In August, business partners in the investigative firm ChinaWhys were sentenced by a Chinese court after they were hired by Glaxo to look into whether a former employee was passing information about suspicions of fraud at the company to Chinese authorities.

Glaxo hired the couple in spring 2013 to look into whether a former employee had sent the company emails and a sex video of Mr. Reilly recorded without his knowledge or consent, according to people who were briefed on the situation and spoke on the condition of anonymity. The video was recorded with a camera inside his Shanghai apartment bedroom.

ChinaWhys, which specialized in due diligence work, completed an inconclusive preliminary report on the sex video of Mr. Reilly by June 2013 and suggested continuing the inquiry. In July 2013, the couple was detained, and they were formally arrested a month later, accused of illegally obtaining private information for their company.

The couple’s family has said the arrests were almost certainly linked to the Glaxo investigation, adding that Glaxo had not told Peter Humphrey, one of the investigators, the full details of the person suspected of being a whistle-blower.

Mr. Humphrey was sentenced to two and a half years in prison. The other, his wife, Yu Yingzeng, who is a Chinese-born American citizen, was sentenced to two years. The court said Mr. Humphrey would be deported after he served his term.

Glaxo appeared to distance itself from ChinaWhys in its statement Friday evening, saying that, “GSK P.L.C. also apologizes for the harm caused to individuals who were illegally investigated by” one of its subsidiaries in China.

...

Oh, look... Western media with both anti-communist and pro-capitalist agendas sprouting out nonsense again.

Clearly understand for reasons that you are unwilling to share whatever experiences or information that you may have from your own separate perspective dealing with the Chinese authorities, but it is still my believe (and perhaps I should rephrase myself here) had GSK paid up the "right amount" to the "appropriate people" all these will be a non-issue, really. Business as usual, swept clean under the carpet or like what David Zweig has mentioned they are just unfortunate to be caught and be set as an example.

 

[daredevil123]

I did..., thus the deductions...


Oh, look... Western media with both anti-communist and pro-capitalist agendas sprouting out nonsense again.

Clearly understand for reasons that you are unwilling to share whatever experiences or information that you may have from your own separate perspective dealing with the Chinese authorities, but it is still my believe (and perhaps I should rephrase myself here) had GSK paid up the "right amount" to the "appropriate people" all these will be a non-issue, really. Business as usual, swept clean under the carpet or like what David Zweig has mentioned they are just unfortunate to be caught and be set as an example.

*shrug* you are free to think what you want... the articles you quoted points in a different direction from your statement that they did not pay enough... read between the lines.

 

[9V-Orion Images]

*shrug* you are free to think what you want... the articles you quoted points in a different direction from your statement that they did not pay enough... read between the lines.

It was really intended to be just a tongue-in-cheek side remark poking some fun at the expense of the widespread corruption culture in China, clearly you don't see it that way so please let's not read too much into it anyway and I agree to disagree...

Here..., have some virtual 雪花啤酒. No melamine or some funky foreign substance in it...

 

[daredevil123]

It was really intended to be just a tongue-in-cheek side remark poking some fun at the expense of the widespread corruption culture in China, clearly you don't see it that way so please let's not read too much into it anyway and I agree to disagree...

Here..., have some virtual 雪花啤酒. No melamine or some funky foreign substance in it...

Certains cannot joke one. And you have been to China before apparently... you should know that.

 

[Sion]

Please, enlighten me.

"The one who seeks enlightenment is more intelligent than who gives enlightenment."- LaoZi