Companies / Italy
Recordati Hit By Corruption Allegations
July 2006 | Company News AlertItaly's largest pharmaceutical company - Recordati - lost over 10% of its market valuation and had its shares temporarily suspended after it emerged that three of its senior executives had been arrested on bribery charges. The Milan office of the country's financial police is leading the investigation which concerns the bribing of doctors with money, mobile phones, laptops and other gifts so that they would prescribe more Recordati
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