GlaxoSmithKline gets record fine, posts an apology
By Xinhua in Changsha and Yang Wanli in Beijing | China Daily | Updated: 2014-09-20 08:04
The China branch of British drugmaker GlaxoSmithKline has been fined 3 billion yuan ($489 million) for paying bribes, a verdict that the firm said in a contrite statement it "fully accepts".
Changsha Intermediate People's Court in Hunan province ruled in Friday's closed-door trial that GSK China was guilty of "bribing non-government personnel" and then imposed the biggest ever by a Chinese court.
Five company employees were sentenced to two to four years in prison with reprieves.
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