China accused GlaxoSmithKline of funneling $ 500bn to bribe gov't , medical companies . Money allegedly used to encourage use of GSK drugs , artificially boost prices . Sine the bribery allegations first surfaced , GSK 's share price has slumped 3.5 % in London and 2.4 % on the New York Stock Exchange . Chinese authorities have detained two Chinese GSK executives , one UK national . GSK is one of the world 's largest pharmaceutical companies , with 97,000 employees .
China accused GlaxoSmithKline of funneling $ 500bn to bribe gov't , medical companies . Money allegedly used to encourage use of GSK drugs , artificially boost prices . Chinese authorities have detained two Chinese GSK executives , one UK national . GSK is one of the world 's largest pharmaceutical companies , with 97,000 employees .