Sinovac president admitted paying bribes to authorities, newspaper says



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Sinovac President Weidong Yin admitted in court in 2016 that he had paid bribes to a former Chinese drug regulatory official between 2002 and 2011 to speed up the approval of the vaccine at the government agency, according to a report released on Friday, 4. by the american newspaper Washington Post based on documents from the courts of China. The biopharmaceutical company is a partner of the Butantan Institute in the development of the Coronavac vaccine.

Yin’s suspicion of paying bribes had already been revealed by the Status in November, in a special report on Chinese biotechnology. At the time, company documents noted that the executive was cited in court by a former agency employee as one of the people who paid a bribe, but was not convicted of any illegal act either by Chinese justice or by the US Department of Justice which opened an investigation at the time because the company was listed on the US stock exchange.

Yin’s situation in court remains the same, without further charges. But what has now been revealed by the Washington Post are excerpts from the executive’s testimony admitting the payment. According to the newspaper, the executive said he had paid $ 83,000 to former Chinese agency official Yin Hongzhang, head of immunobiology at the agency, and his wife.

During the bribery payment period, Sinovac managed to register vaccines such as H1N1 flu and hepatitis, but, according to the report of the American newspaper, there was no scandal related to the safety and quality of the vaccines approved in the period or irregularities. regarding the development of Coronavac.

However, it is not yet clear why the CEO was not charged or convicted despite his confession of paying bribes. It is not known if he was considered the victim of a sting by public officials or if he reached an agreement with the Chinese Prosecutor’s Office not to suffer sanctions if he collaborated with the investigation, in a mechanism similar to that of the winning allegation.

In a company report to investors obtained by StatusSinovac only says that “Weidong Yin was not charged with any crime or misconduct” and that “he cooperated as a witness with the Prosecutor’s Office.” The company further states that “to our knowledge, the Chinese authorities have not initiated any legal proceedings or government investigations against Yin.”

According to the Washington Post, the executive justified in his testimony that “he could not deny requests for money from an official of the regulatory agency.” The former Chinese agency official, meanwhile, was sentenced to 10 years in prison for collecting bribes from various members of the Chinese vaccine industry. The trial took place in 2016.

OR Status Since late October, he has been trying to interview a Sinovac representative to comment on suspicions against the company’s executive and other management issues revealed by the report in November, such as fights between shareholders, attempted internal coups and factory invasions. . There were countless emails, calls, and even requests for Butantã and the Chinese Embassy to mediate the conversation. To date, the report has not received a single response to submitted requests.

TO Washington PostThe company also denied the request for an interview with the president, but said, in a statement, that it “entrusted the judicial system with the proper handling of previous bribery cases” and that “the CEO’s ability to do his job was not seen. affected “.

Wanted for Status, The Butantã Institute stated that the alliance with Sinovac “was signed this year for clinical studies and development of the vaccine against covid-19”, highlighting that the clinical research “has an independent audit and the immunizer registry will be subject to evaluation technical by Anvisa ”.

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