World Economy

GSK Fined for Bribery

GSK Fined  for BriberyGSK Fined  for Bribery

China has fined UK pharmaceuticals firm GlaxoSmithKline $490m after a court found it guilty of bribery. The record penalty follows allegations the drug giant paid out bribes to doctors and hospitals in order to have their products promoted, BBC reported. The court gave GSK’s former head of Chinese operations, Mark Reilly, a suspended three-year prison sentence and he is set to be deported.