Germany's Biotest under investigation over bribery allegations

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Germany's Biotest under investigation over bribery allegations

Employees at German blood plasma products specialist Biotest, including its finance chief, are under investigation by German prosecutors over allegations of bribery in Russia. Biotest, whose products are used to treat blood coagulation disorders, auto-immune diseases and immune deficiencies, said in a statement on Monday that an employee and her husband, both Russian nationals, have been arrested as part of the investigation, which began in May last year. Last week prosecutors also searched its offices, looking for evidence of bribery and breach of fiduciary trust, Biotest added. "Even after intense internal investigations we have not found any indication of warranted suspicion, so that Biotest resolutely rejects the accusations," the company said.

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