Updated on 25 July 2013
GSK CEO has said that the detained senior managers were involved in defrauding GSK and doing something inappropriate and illegal
Singapore: Addressing the global media for the first time after allegations were leveled out against Britain's largest drugmaker, GlaxoSmithKline, the company's CEO Sir (Dr) Andrew Witty has defined the allegations as shameful.
The much anticipated media conference where Sir Andrew was said to reveal more information about the company's involvement or knowledge of the allegations, turned out to be a conference with very little new information.
Replying to questions on the investigations, Mr Witty said, "The Chinese investigation appears to be focused on a number of senior managers, potentially defrauding GSK and doing something inappropriate and illegal. The allegations are shameful and deeply disappointing. To be crystal clear we have zero tolerance to this sort of behavior."
He added, "GSK's head office in London knew nothing of the fraud allegations until they were announced by the Chinese police last week. The current investigation is quite different to the whistleblower's claims of corruption GSK investigated recently and said it found no evidence of corruption or bribery in our China business."
Dr Witty explained that the Chinese police's investigation appeared to focus on the four Chinese GSK executives already detained, and there was nothing to indicate that GSK China's British management, Mr Mark Reilly and Mr Steve Nechelput, had any knowledge of the wrongdoings.