RIGHT BG
A travel agency in east China's Shanghai Municipality has been temporarily closed in order to allow a probe into its role in suspected bribery and tax-related violations committed by employees of multinational pharmaceutical company GlaxoSmithKline (GSK).
The Shanghai Linjiang International Travel Agency is suspected of participated in illegal activity involving a large sum of money, according to the Shanghai Municipal Tourism Administration.
Police and tourism authorities are investigating the travel company.
The Ministry of Public Security announced last week that some senior executives from GSK China are being investigated for suspected bribery and tax-related violations.
The suspects are believed to have offered large bribes to government officials, medical industry associations and foundations, hospitals and doctors in order to expand the company's market in China and raise the price of the company's medicine.
Most of the bribes are believed to have been given through travel agencies.
GSK case does not mean change in foreign investment policy
2013-07-19MOC decries commercial bribery in wake of GSK case
2013-07-18GSK probe indicates tightened drug sector supervision
2013-07-19GSK finance head not allowed to leave
2013-07-18China says GSK probe part of business climate clean-up
2013-07-17GSK to cooperate with China in bribery inquiry
2013-07-12Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
