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Bribery

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  • *Exploring IPO of minority stake in ViiV Healthcare. LONDON, Oct 22- GlaxoSmithKline, battered by weak U.S. drug sales and a bribery scandal in China, set out a bold recovery plan on Wednesday, including an initial public offering of part of its fast-growing HIV and AIDS drugs business. As a standalone company ViiV Healthcare would be among the top 40 companies in...

  • *GSK says UAE investigations part of wider Middle East probe. LONDON, Oct 7- Drugmaker GlaxoSmithKline, which was slapped with a record $489 million fine for corruption in China last month, said on Tuesday it was looking into allegations of corruption in the United Arab Emirates. The company is already investigating alleged bribery in a number of Middle East...

  • HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. Tokmakjian's company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to...

  • HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. His company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to prove any of...

  • MILAN, Oct 1- Italian prosecutors investigating state-backed firm Eni SpA over the purchase of a Nigerian oil field three years ago allege that at least half of the $1.1 billion paid was used to bribe local politicians, intermediaries and others, according to official documents and a person close to the investigation.

  • Avon wins dismissal of lawsuit over China bribery Monday, 29 Sep 2014 | 1:59 PM ET

    NEW YORK, Sept 29- Avon Products Inc on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics company of concealing its inability to stop workers from bribing officials in China to win business there.

  • Next for Corporate America: Body wires and wire taps? Friday, 12 Sep 2014 | 11:22 AM ET

    WASHINGTON, Sept 12- Wall Street executives may have personally escaped the wrath of the U.S. Department of Justice but executives at companies accused of foreign bribery schemes may not be so lucky.

  • U.S. says HP Russia unit pleads guilty in bribery probe Thursday, 11 Sep 2014 | 5:53 PM ET

    SAN FRANCISCO, Sept 11- Hewlett-Packard's Russia unit pleaded guilty on Thursday to felony violations of the U.S. Foreign Corrupt Practices Act and will pay about $108 million in penalties, the U.S. Justice Department said.

  • LONDON, Sept 9- The British subsidiary of French train and turbine maker Alstom paid around $8.5 million in bribes over a six-year period to win transport contracts in India, Poland and Tunisia, Britain's leading fraud prosecutor alleged on Tuesday.

  • SHANGHAI/ WASHINGTON, Sept 9- A U.S. anti-bribery probe into GlaxoSmithKline Plc touched on the firm's Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker's compliance problems in China could go wider than previously revealed.

  • LONDON, Aug 11- GlaxoSmithKline faces new allegations that it bribed Syrian doctors and officials to boost sales of its medicines, following recent accusations of corruption in its non-prescription business in the country.

  • Attorney Melinda Haag announced that Alfred J. Villalobos, a former member of the board of the California Public Employee Retirement System who later worked as a placement agent, engaged in a conspiracy to commit corruption, defraud the United States, conceal materials, and conspire to commit mail and wire fraud.

  • NEW YORK,- A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.

  • NEW YORK, Aug 7- A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.

  • Sex tape adds fire to GSK China scandal  Monday, 30 Jun 2014 | 1:30 AM ET

    The Chinese corruption scandal at GlaxoSmithKline was complicated by the revelation that a sex tape involving the company's top boss in China was sent to senior executives not long before the government opened its investigation into the alleged bribery of doctors.

  • Elon Musk questions Air Force ethics  Friday, 23 May 2014 | 11:33 AM ET

    SpaceX CEO Elon Musk questions how the Air Force awarded rocket contracts to a competitor. CNBC's Eamon Javers reports.

  • GSK executives charged with bribery: Report  Wednesday, 14 May 2014 | 11:36 AM ET

    Chinese police have charged GlaxoSmithKline executives who have been under investigation for allegedly bribing doctors and Chinese officials, reports CNBC's Eunice Yoon.

  • GSK China head faces bribery allegations  Wednesday, 14 May 2014 | 6:04 AM ET

    CNBC's Eunice Yoon reports Chinese police say the former China head of drugmaker GlaxoSmithKine ordered employees to commit bribery, generating billions of dollars in illegal revenue.

  • Chinese police charge ex-GSK China head with bribery Wednesday, 14 May 2014 | 2:40 AM ET
    An employee of British drug firm GlaxoSmithKline (GSK) enters their office headquarters in Shanghai.

    Chinese police on Wednesday said they had charged the British former China head of drugmaker GlaxoSmithKline and other colleagues with corruption, after a 10- month probe found they paid billions of yuan in bribes to doctors and hospitals.

  • US seeks $700K linked to S. Korea's ex-president Thursday, 24 Apr 2014 | 5:09 PM ET

    The funds were seized from the sale of a house purchased in 2005 that U.S. prosecutors say are traceable to corruption during the reign of South Korea's former President Chun Doo-hwan.