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Chinese authorities charged AstraZeneca’s former China head Leon Wang with insurance fraud, part of a broader probe into the company’s operations.
Chinese authorities have charged Leon Wang, former regional head of AstraZeneca, with medical insurance fraud and related offenses, a year after his detention.
The indictment is part of an ongoing probe into the company’s China operations, following similar charges against two other former executives in November.
AstraZeneca confirmed the charges, stating it is cooperating with authorities and reaffirming its commitment to ethical practices.
The company has replaced Wang, prepaid import taxes, and announced a $15 billion investment and licensing deal, while its stock rose to a record high amid strong financial performance.
Las autoridades chinas acusaron al ex jefe de China de AstraZeneca, Leon Wang, de fraude de seguros, como parte de una investigación más amplia sobre las operaciones de la compañía.