12/03/2021 05:56:17 pm

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 A GlaxoSmithKline logo is shown February 20, 2003 in Philadelphia, Pennsylvania.

Glaxo to Pay $20M to Settle SEC Bribery Charges in China

GlaxoSmithKline PLC (GSK) has agreed to pay $20 million to settle civil charges allegations that it bribed foreign officials in China to boost medicine sales, the United States regulator revealed on Friday.

GSK china

GSK Fires More Than 100 Employees Over China Bribery Scandal

UK drug maker GlaxoSmithKline sacked more than a hundred of its employees in China - its biggest round of dismissals after getting embroiled in a bribery scandal.

GlaxoSmithKline Under Investigation for Unethical Commercial Practices

GSK announced Tuesday that Britain's fraud office has launched a formal investigation into their "commercial practices." The company is fully cooperating with local authorities and adds that it doesn't condone unethical practices such as bribery and corruption.

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