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Glaxo to Pay $20M to Settle SEC Bribery Charges in China

Oct 02, 2016 09:57 PM EDT

GlaxoSmithKline PLC (GSK) has agreed to pay $20 million to settle civil charges allegations that it bribed foreign officials in China to boost medicine sales, the United States regulator revealed on Friday.

China's Dalian Wanda sacked two officials involve in a bribery case in 2008.

Dalian Wanda Fires Executive Involved in Bribery

Charissa Echavez |

Sep 30, 2016 07:30 AM EDT

Dalian Wanda Group, owned by China's richest man Wang Jianlin, said on Thursday it fired an executive who bribed a local Chinese official eight years ago in a bid to shift from state ownership into the private company it is today.

The Third Plenary Session Of The National People's Congress

China Disqualifies 45 Lawmakers for Electoral Fraud

Charissa Echavez |

Sep 14, 2016 08:19 AM EDT

The Chinese government ousted 45 deputies at the Liaoning provincial legislature on Tuesday for being elected through fraud.

Government Official Prosecuted for Corruption After Amassing HK$107 Million in Bribes and Fraud

Government Official Prosecuted for Accepting $13.8M in Bribes

Desiree Sison |

Mar 28, 2016 06:53 AM EDT

The case is the latest in a series of corruption crackdowns on low to mid-level government officials who have been arrested and prosecuted for taking bribes and embezzling public money to fund their extravagant lifestyle.

Alibaba News: Alibaba’s Patrick Liu Detained Over Tencent Graft and Corruption Issues

Adelyn Torralba |

Jul 14, 2015 12:14 PM EDT

Alibaba's spokesman Bob Christie recently confirmed in an email that Patrick Liu, Alibaba's executive, is detained by Chinese authorities over issues during his time in Tencent Video.

Royalty Laments on FIFA Blunder: Prince William Breaks Silence on Corruption Scandal, Calls for Reforms

Dave Tacagay |

Jun 02, 2015 06:40 AM EDT

If there ever was one man whose words carry a lot of weight in the world of football and had the credibility and stature to address the ongoing FIFA crisis, it would be Prince William. At the FA Final Cup at Wembley, The Duke of Cambridge addressed the crowd as president of UK’s Football Association and took a hard stand on the corruption scandal that has plagued the sport’s governing body.

Siemens Healthcare Unit Investigated By Chinese Regulatory Board For Bribery

Cybelle Go |

May 03, 2015 08:16 PM EDT

Siemens AG was investigated by the Chinese regulatory board last year because of a speculation that the head of health care unit division bribed health care facilities in purchasing high priced disposable products for use in medical devices, Reuters reports.

Dilma Rousseff Battles Bribery Raps As Anti-Gov't Protests Spread Across Brazil

Arlene Lim |

Mar 17, 2015 01:21 AM EDT

Hundreds of thousands of people joined in the protests held in cities across Brazil, to express their growing loss of confidence over the leadership of President Dilma Rousseff.

Hong Kong Chief Executive CY Leung faces tough questions over £4 million payout from Australian company.

Hong Kong’s CY Leung Faces Bribery Allegations Over £4 Million Secret Payout

Christl Leong |

Oct 10, 2014 03:00 AM EDT

Hong Kong chief executive Leung Chun-ying has found himself in hot water after it was revealed he received a £4 million secret payout from Australian firm UGL in exchange for backing its Asian ventures.

Two Executives of Chinese Financial Newspaper Detained on Bribery Charges

Erika Villanueva |

Sep 26, 2014 04:06 AM EDT

Two high-ranking officials of a Chinese financial newspaper company have been detained on Thursday while investigations on an alleged extortion scheme hounded the paper.

Former Housing Deputy Receives Death Penalty for Bribery Charges in China’s Zhejiang Province

Erika Villanueva |

Sep 17, 2014 10:25 AM EDT

A former senior official of China’s Hangzhou Housing Bureau has been sentenced to death on Tuesday after a court found him guilty of bribery and abuse of power.

Former New Orleans Mayor Reports Sentenced To 10 Years In Federal Prison

Ren Benavidez |

Sep 09, 2014 09:38 AM EDT

Former New Orleans Mayor Ray Nagin arrived at a federal prison in Texarkana, Texas, on Monday to report for the start of serving his 10-year sentence.

Ji Wenlin Kicked Out of CPC

Erika Villanueva |

Jul 02, 2014 06:29 AM EDT

Continuing its journey toward clean ranks, the Communist Party of China ousted a former aide to China’s retired domestic security tzar for taking “huge bribes” and committing adultery.

GlaxoSmithKline Under Investigation for Unethical Commercial Practices

Christl Leong |

May 28, 2014 01:46 PM EDT

GSK announced Tuesday that Britain's fraud office has launched a formal investigation into their "commercial practices." The company is fully cooperating with local authorities and adds that it doesn't condone unethical practices such as bribery and corruption.