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GSK Faces Criminal Probe by SFO

Jaclyn Jaeger | May 28, 2014

Pharmaceutical giant GlaxoSmithKline announced this week that it has become the target of yet another criminal investigation, this time by the British government.

On May 27, GSK Company Secretary V.A. Whyte disclosed in a two-sentence statement that the U.K. Serious Fraud Office “has opened a formal criminal investigation into the group's commercial practices.”

“GSK is committed to operating its business to the highest ethical standards and will continue to cooperate fully with the SFO,” Whyte added.

Other Investigations

The company did not reveal the focus of the U.K. criminal investigation, but it comes at a time when GSK is already in hot water with Chinese enforcement authorities.

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