Latest: Corruption and Money Laundering.
Six former and current Novartis executives at its Korean unit were indicted Monday on charges of paying more than $2 million to doctors in return for prescribing its medicines, a company spokesman confirmed. Among those indicted was the former chief executive in the country.
Corruption Currents: South Korean Novartis Executives Charged.
Novartis execs in Korea are indicted for bribing doctors.
South Korean executives of Novartis AG were charged with bribery. The company confirmed the charges. Meanwhile, industries will face different effects from a new anti-bribery law. (Law360, Pharmalot, Korea Times)
Six former and current Novartis executives at its Korean unit were indicted Monday on charges of paying more than $2 million to doctors in return for prescribing its medicines, a company spokesman confirmed. Among those indicted was the former chief executive in the country.
At the same time, six publishers of medical publications and 15 doctors who work at general hospitals were also indicted. The drug maker funded academic events that were supposedly organized by the publications, but distributed to doctors money disguised as attendance fees and for articles that the doctors contributed to the publications, the Korea Herald reported.
No comments:
Post a Comment