UK fraud office expects decision on GSK Case Next Year..


cash_cow__mary_zins

 

I’m going to make a prediction about this..

I think that the UK Serious Fraud Office will either let GSK off the hook completely (due to some technicality of law or loop-hole) or GSK will get off very lightly (a slap on the wrist). Either way, I would be extremely surprised if justice is adequately served.

In a just world, one where corporations like GSK don’t get to operate above the law- the top executives at GSK would all be in jail. However we don’t live in a just world, we love in a corporate driven world, one where corporations get to decide on what laws they can break at a whim, with little consequence from the establishment or the authorities.

It will be interesting to see whether the serious fraud office in the UK has the balls, or even the power, to bring the GSK Goliath to book…

Judging from past examples, of GSK criminality, I won’t hold my breath…

They are the UK’s prized Pharma Cash-cow…

Too many people, in places of power, are generating too much wealth from this cash cow for it- to ever be -put out to pasture…


 

https://www.reuters.com/article/us-britain-sfo-idUSKBN1AQ21T

 

UK fraud office expects decision on GSK, Rolls-Royce cases next year

LONDON (Reuters) – The UK Serious Fraud Office (SFO) said on Thursday it expects to decide next year whether it will file criminal charges in bribery investigations related to drugs giant GlaxoSmithKline (GSK.L) and aero engine company Rolls-Royce (RR.L).

The SFO launched an investigation into GSK and its subsidiaries in 2014. Britain’s biggest drugmaker has already been fined a record 3 billion yuan ($452 million) by Chinese authorities for paying bribes to doctors to use its drugs.

The SFO’s continued investigation into Rolls-Royce is focusing on individuals after the aero engine maker paid 671 million pounds ($870 million) in January to settle British, U.S. and Brazilian bribery investigations.

David Green, the head of the SFO, told Reuters in an interview that he hoped a decision about charges would be made before he steps down after six years in the job next April.

“I would expect resolution in both these cases in 2018, and hopefully prior to my departure in April,” he said.

Separately, a spokeswoman for the Attorney General’s Office, which is responsible for SFO director appointments, said the recruitment process for Green’s successor had yet to begin. But she said there was “still plenty of time” and that there “will be an appointment in due course”.

Prime Minister Theresa May’s Conservative Party pledged in May to abolish the specialist investigator and prosecutor and roll it into the four-year-old National Crime Agency (NCA) to “strengthen Britain’s response to white collar crime”.

But the proposal drew sharp criticism from white collar crime lawyers, lawmakers and anti-corruption groups and was later dropped from the minority government’s official two-year policy program.

Lawyers said the omission could signal a reprieve for the agency, which in June charged Barclays (BARC.L), one of the country’s biggest banks, and four former senior executives with fraud over undisclosed payments to Qatari investors in 2008.

 

 

Advertisements

3 comments

  1. High Plains Drifter

    I certainly agree with Truthman. I was first to file in the GSK 3 billion dollar case, in spite of 5 later filing copy cats, claiming to be whistleblower.
    Although the company agreed to criminal as well as civil charges, nobody went to jail, or even faced personal charges. The liberal deep state Department of Justice gave them all a pass, after almost 10 years of secret negotiations, sealed illegally from the public, while more patients died, and suffered from illegal marketing and outright bribes. If you want to know who the criminals are, look no further than the so called investigation leaders…they refused to take this to trial, and gave GSK a pass.
    The pass AMOUNTED to 3 months if company profit, which was easily made up illegally while the govt prosecutors kept the case sealed. There SHOULD be a price paid for this quid pro quo under the DOJ led by Eric Holder, a defense attorney for the company, before and after the case. The revolving door syndrome from private practice, into the government and back again….to a hero’s welcome is proof enough , in my mind that Holder did not fully recuse himself and pulled the strings on this 10 year charade. We will see…some DOJ insiders need to come forward as I did, and not hide behind what was the largest fine in history, but the biggest gift in history. The fine, with no criminal repercussions to company leaders like Bob Ingram and JP Garnier, was a pittance and a joke. But I am not laughing. This took 10 years of my life, my job and in the end the criminals at GSK win.
    It will happen again, the connections to politicians and career prosecutors runs too deep…anywhere in the world…GSK will get off the hook again.

  2. BOB FIDDAMAN 🔹 (@Fiddaman)

    One thing you can be sure of.

    The decision won’t come before the UK Seroxat litigation. A deal will have, more than likely, already been struck for the outcome of this investigation to come after the litigation, as not to compromise GSK’s defence.

    Or am I just a cynic? 😉

  3. High Plains Drifter

    I would say keen observer of how these things work…whether in the UK or the US. The DOJ announced the 3 billion dollar settlement against GSK on a 4th of July weekend, while people were far away from their televisions, not hard to figure out how these things are manipulated even as they end after almost 10 years of wasted taxpayer money…paid to corrupt career prosecutors. The Deep State lifers exist in both countries and run the show as they wish. Good Luck on the Paxil decision, GSK killers will not go to jail or pay any price themselves. That is all I can predict.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s