March 11- Teva Pharmaceutical Industries Ltd agreed to pay $27.6 million to settle charges that it paid kickbacks to a Chicago psychiatrist to induce him to prescribe an anti-schizophrenia drug to patients, resulting in more than 100,000 false Medicaid and Medicare claims.» Read More
Yunnan Tin chairman Lei Yi had been charged with taking 20 million yuan in bribes from four people, the Yunnan government said on one of its official websites, including from the chairman of a company called Leed International Education Group in which Goldman Sachs has a stake. Goldman Sachs declined to comment.
Thirty of the 40 developed countries that have signed up to the Organisation for Economic Cooperation and Development Anti-Bribery Convention are barely investigating or prosecuting cases, Transparency International said.
HONG KONG, Sept 27- In March last year, after getting government approval to go ahead with a $900 million refinery expansion in China's southeastern Fujian province, state-run oil giant Sinopec Corp warned the team handling the project against taking bribes.
SHANGHAI, Sept 23- A unit of French food group Danone SA said on Monday it opened an investigation after Chinese state TV reported that it bribed medical staff to boost sales of its infant formula at hospitals in a number of regions across northern China.
JINAN, China, Sept 22- A Chinese court sentenced ousted senior politician Bo Xilai to life in jail on Sunday after finding him guilty on all counts following his dramatic five-day trial last month on charges of corruption, taking bribes and abuse of power.
TORONTO, Sept 18- A former executive of SNC Lavalin Group Inc has been charged with bribery, Canadian law enforcement officials said on Wednesday, the latest person charged in a far-reaching corruption scandal involving one of the world's largest engineering and construction firms.
*GlaxoSmithKline sales take biggest hit- industry insiders. SHANGHAI/ LONDON, Sept 18- A crackdown on corruption in China's pharmaceutical sector has hurt sales at international and local firms, with many doctors at Chinese hospitals refusing to see drug representatives for fear of being caught up in the widening scandal.
ZURICH/ BEIJING, Sept 17- Novartis said on Tuesday it would investigate allegations published in a Chinese newspaper that its eye care unit Alcon bribed doctors. "Alcon does not tolerate activities that are not in compliance with the laws and regulations in the markets where we operate," Novartis said in an emailed statement to Reuters.
*China's state TV accuses French group of bribery. SHANGHAI/ PARIS, Sept 16- Chinese state TV said on Monday that Danone had bribed hospital staff to give its milk powder to new-born babies, allegations that the French food group said it was shocked by and would investigate immediately.
*China state TV accuses French group of bribery. SHANGHAI/ PARIS, Sept 16- Danone's Dumex brand is "extremely shocked" by allegations on Chinese state television that it bribed hospital staff to give its milk powder to new-born babies and will investigate immediately, the French food group said.
SHANGHAI, Sept 16- The official China Central Television said on Monday that French food group Danone SA had bribed doctors and nurses to recommend its Dumex milk powder brand at a hospital in a northern Chinese city. Danone officials in China could not be reached for comment.
BEIJING, Sept 16- Gold- encrusted mooncakes stuffed with shark's fin are out of favour ahead of this week's mid-autumn festival in China after a crackdown on corruption killed off demand for such lavish pastries- long used as a way to bribe officials.
Authorities are investigating British drugmaker GlaxoSmithKline for violations of US anti-bribery laws in China after Chinese government officials accused the company of bribing doctors.
The U.K.'s Serious Organised Crime Agency (Soca) has been ordered to make public a list of over 100 companies and individuals who hired corrupt private detectives. A government committee warned Soca that if it did publish the list by Monday, it would be forced to do so instead.
An internal exam of JPMorgan's hiring practices in Asia is looking at the employment of about 200 people for possible instances of illegal nepotism, a source said.
Wal-Mart's CEO Mike Duke spoke to CNBC's Maria Bartiromo about the financial impact of the Mexican bribery allegations and says he "will take the appropriate actions; doing the right thing is a part of working at Wal-Mart."
Disgraced Chinese politician Bo Xilai faces charges of bribery, corruption and abuse of power in a move billed by the government as a fight against corruption, reports CNBC's Eunice Yoon.
Federal authorities are investigating JPMorgan's hiring of children of influential Chinese officials to help the bank win lucrative business deals. CNBC's Kayla Tausche has the details. And Andrew Stoltmann of Stoltmann Law Offices; and Thomas Curran, Peckar & Abramson, join to discuss the China bribery probe.
Glaxo's problems may go beyond the sales practices that are currently at the center of a bribery and corruption scandal in China. They may extend to its Shanghai research and development center.
Jonathan Russell, senior associate at Alaco, questions if GSK's action against bribery is being seen on the ground.