Tomahawk, WI 08/08/2014 (Basicsmedia) – The trial of an expatriate corporate detective, Peter Humphrey, and Wife Yu Yingzeng, who worked as GlaxoSmithKline plc (ADR) (NYSE:GSK) consultants has officially begun in China according to CNBC’s Eunice Yoon. Humphrey and wife are accused’ of illegally obtaining private information about Chinese citizens; accusations that can carry an imprisonment term of up to three years.
“The trial has officially begun what we know is that the courthouse is packed and the defendants, British investigators Peter Humphrey, as well as his American Wife, are both in the courtroom and they have already had the charges read against them,” said Yoon.
The trial of Mr. Humphrey is an open one according to China’s laws as some vetted journalist have already been allowed into the courtroom with the proceedings being live tweeted, with a high level of material filtering.
Peter Humphrey and Wife are considered high corporate detectives and are reported to have been hired by giant pharmaceutical company, Glaxo, to look into the background of a certain whistle blower. The trial has not officially been linked to GlaxoSmithKline plc (ADR) (NYSE:GSK) although many people are of the opinion it has, taking into consideration the timing of their arrest, a year ago.
At the time of their arrest last year, GSK was under investigations on allegations that it had paid millions of dollars to hospitals in the form of bribes in order to have its products used in some hospitals in China
“[…] Now this trial is not officially linked to GlaxoSmithKline plc (ADR) (NYSE:GSK), however, many people believe that it is just because of the timing of their arrest about a year ago. It came after the British drug giant had been accused’ of passing hundreds of millions of dollars to doctors as well as hospitals staff in the form of bribes in order for those people to continue to buy some of the GSK Drugs,” said Yoon.
Court proceeding will only last for a day with a press briefing scheduled later in the day as the trial is expected to ramp up pretty quickly. The conviction rate should be of a concern to the two defendants taking into consideration it stands at about 99%, although they are hoping for some form of leniency considering they have been in Jail for almost a year.