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| GlaxoSmithKline finance head banned from leaving China | GlaxoSmithKline finance head banned from leaving China |
| (35 minutes later) | |
| Chinese authorities looking into alleged bribery by GlaxoSmithKline have banned the UK drugmaker's British head of finance from leaving China. | Chinese authorities looking into alleged bribery by GlaxoSmithKline have banned the UK drugmaker's British head of finance from leaving China. |
| The travel ban was imposed on Steve Nechelput at the end of June, said a company spokesperson. | The travel ban was imposed on Steve Nechelput at the end of June, said a company spokesperson. |
| On Monday, police in China said GSK had transferred 3bn yuan ($489m; £321m) to travel agencies and consultancies to facilitate bribes to doctors. | On Monday, police in China said GSK had transferred 3bn yuan ($489m; £321m) to travel agencies and consultancies to facilitate bribes to doctors. |
| GSk has said it is deeply "concerned and disappointed" by the allegations. | GSk has said it is deeply "concerned and disappointed" by the allegations. |
| The company said Mr Nechelput had not been questioned or detained by police. | |
| Chinese authorities have taken into custody four Chinese executives at GSK in connection with the allegations. That includes vice-president and operations manager Liang Hong, who appeared on state television and said he had funnelled money through travel agencies for arranged conferences, some of which were never held. | |
| GSK's general manager for China, Mark Reilly, is said to have left the country for Britain last month. | |
| Chinese authorities have accused GSK of using travel agencies to bribe government officials, doctors and hospitals in order to boost sales and prices of their drugs. | Chinese authorities have accused GSK of using travel agencies to bribe government officials, doctors and hospitals in order to boost sales and prices of their drugs. |
| On Monday, Gao Feng, head of the economic crimes investigation, said similar transfers had been made by other pharmaceutical multinationals. He did not name any other foreign companies. | On Monday, Gao Feng, head of the economic crimes investigation, said similar transfers had been made by other pharmaceutical multinationals. He did not name any other foreign companies. |
| GSK has said it is taking immediate action, including terminating links with the travel agencies that the Chinese authorities have identified, and conducting a review of its transactions related to the travel agencies. |