Thursday, November 14, 2013

Johnson &Johnson pleads guilty to fraud.

Johnson &Johnson pleaded guilty to fraud in a case brought by the U.S government (U.S Department of Justice along with the Food and Drug Administration) and agreed to pay US dollar 2.2 billion in settlement. The company and its subsidiaries were accused of promoting psychiatric medications for unapproved uses and bribing doctors to prescribes those medications frequently. It was a health care fraud on an unprecedented scale. Who is not at fault? Multi-national company like Johnson & Johnson lost its morality and prepared itself to make money at the cost of human lives. It is a terrible thing to happen in the market at present juncture. Such inhuman approach and practice resorted to by them should result in the imprisonment of all those executives without fail. God knows who is to teach morals and human rights to whom. (Hindu Wednesday, November 6, 2013 )