Keyword: bribery

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Teva Facing Bribery Charges in Israel

10.02.2017 - Israeli drugmaker – the world’s largest generics producer – has moved into the spotlight again, days after it said it was replacing its CEO Erez Vigodman. According to the Israeli...

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Novartis Managers Guilty of Bribery in South Korea

17.08.2016 - South Korean prosecutors have indicted Novartis employees for bribing doctors in exchange for prescribing the company’s drugs. The Swiss drugmaker confirmed press reports that six...

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Petrobras CEO Steps Down Amid Corruption Scandal

05.02.2015 - CEO Maria das Graças Foster and other senior management at Brazil's Petrobras, parent company of chemical producer Braskem, resigned on Feb. 4 amid a corruption scandal. Resigning...

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China Fines GSK Nearly $500 Million on Bribery Charges

23.09.2014 - GlaxoSmithkline (GSK), the UK's largest pharmaceutical producer, will pay the Chinese government nearly $500 million in fines after being found guilty of offering bribes to...

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Sex Video is New Twist in GSK China Bribery Scandal

02.07.2014 - GlaxoSmithKline (GSK) has confirmed the existence of an intimate video recording of its former China head, Mark Reilly, which the London-based Sunday Times reported kicked off a...

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Ex-Innospec Execs Found Guilty of Bribes to Sell Toxic Additives

20.06.2014 - A former chief executive and regional sales director of US-listed chemicals group Innospec have been convicted of bribing Indonesian officials to boost sales of toxic fuel...

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Corruption Charges Against GSK Seen as Warning

19.05.2014 - Corruption charges against representatives of UK drugmaker GlaxoSmithKline (GSK) in China are a warning to other foreign firms and could do irreparable damage to the company's...

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Eli Lilly to Pay $29 Million to Settle US SEC Bribery Case

21.12.2012 - U.S. drugmaker Eli Lilly agreed on Thursday to pay $29 million to settle civil charges that its subsidiaries made improper payments to foreign government officials to win business...