Comment: 700 middlemen

(See in situ)


700 middlemen

700 middlemen through which the pharmaceutical giant allegedly funnelled money to health officials and doctors

GlaxoSmithKline behaved like a criminal "godfather" in China, dispensing some 3 billion yuan (£323m) in bribes since 2007

The police described a system by which GSK allegedly used "travel agencies" and "consultancies" to disburse bribes. They used travel agents as a money platform.

the travel agencies would allegedly invent corporate meetings that required staff travel. The budget for these fictitious meetings would then be used to bribe doctors to prescribe GSK drugs.

"Each doctor had a credit card from the company. The kickbacks were transferred to the cards the day after drugs were prescribed," the newspaper claimed.
http://www.telegraph.co.uk/finance/newsbysector/pharmaceutic...