financial fraud

In Industry Rife With Bribes, GSK Probe Continues

As China continues to investigate British pharmaceutical giant GlaxoSmithKline for bribery, Reuters extracts hints from China’s state media that other foreign pharmaceutical companies may soon find themselves facing...

U.S. Citizen Detained as Pharma Probe Spreads (Updated)

An American has been detained in China as part of a probe into multinational pharmaceutical companies that previously led to bribery charges against GlaxoSmithKline executives earlier this month. From Reuters: The unnamed...

GSK Admits China Execs May Have Broken Law

After probes into foreign companies operating in China led the government to accuse executives of British pharmaceutical company GlaxoSmithKline (GSK) of corrupt practices including bribery and artificial price inflation, a GSK...

China-Fraud Sleuth Jailed For GSK Pharma Ties

The Wall Street Journal reports that Shanghai police have detained British national, Peter Humphrey, a “well-known China-fraud investigator” whose clients include pharmaceutical firm GlaxoSmithKline (GSK). GSK is...

Hopes for the 2013 California Summit

Barack Obama and Xi Jinping are meeting today for the first time since the latter became China’s president. Reports say that the meetings, taking place June 7-8 at the Sunnylands estate near Palm Springs, California, will...

Is U.S. IPO Market Reopening for Chinese Companies?

The Wall Street Journal reports that four Chinese companies are considering IPOs on U.S. stock exchanges, possibly reopening a market that has been shut since 2011 amid concerns over accounting irregularities and fraud: Travel...

China Executes 2 for Defrauding Investors

AP reports on the execution of two business people who defrauded investors out of more than $127 million: China’s highest court said the fraud had “seriously damaged the country’s financial regulatory order and...

Nantong’s Richest Face Fraud Charges – Fan Junli

From Two richest business men in the city of Nantong in eastern Jiangsu province , faced charges of exaggerating company registered assets, embezzling funds and forging contracts to win credit loans. Chen Baocun and his son Chen Jian, the two richest business men in the city of Nantong located in the eastern part of […]



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