Originally posted by the Voice of America.
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                            CHINA BRITISH DRUGMAKER

   British drugmaker GlaxoSmithKline -- faced with bribery allegations in
   China -- is acknowledging that several of its executives may have
   violated the country`s laws.
   The company said Monday that several of its senior officials appear to
   have acted outside the company`s regulations and controls and breached
   Chinese law. The drug firm, one of the world`s largest, said it had
   "zero tolerance" for the violations.
   Chinese officials accused the company of bribing officials and doctors
   to increase drug prices, to boost sales and profits in the country. The
   authorities said the drug firm transferred nearly $500 million to 700
   travel agencies over a six-year period and traded in sexual favors as
   part of the bribery scheme. China has detained four GlaxoSmithKline
   officials.
   GlaxoSmithKline has pledged to cut the prices of its drugs in China.
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   [1]http://www.voanews.com/content/china-british-drugmaker/1706643.html

References

   1. http://www.voanews.com/content/china-british-drugmaker/1706643.html