China fines British pharmaceutical firm for bribery
The court gave its sentence after a one-day trial at a court in Changsha, China.
GSK’s former head of Chinese operations, Mark Reilly, received a suspended three-year prison and he is set to be deported. Other GSK executives have also been given suspended jail sentences.
The scandal has become the biggest corruption scandal to hit a foreign firm in years, with the company being alleged for having made an estimated USD 150mn in illegal profits.
GSK has published a statement of apology to the Chinese government and its people.
Zambian miners have killed a Chinese mines manager during a riot on Saturday by pushing a trolley at him at
China’s inflation eased to 2.2% in June, down from 3% in May and below the government target of 4%. With