British drug giant GlaxoSmithKline has revealed that it is the target of a criminal probe led by United Kingdom fraud investigators.
GSK will cooperate fully with the investigation by the U.K. Serious Fraud Office, the company said in a statement issued Tuesday.
"GSK is committed to operating its business to the highest ethical standards," the statement said. Additional details were not provided in the statement, and a company spokesperson said the firm didn't have further information at the moment.
The Serious Fraud Office, which focuses on complex fraud and corruption cases, has not yet issued a public statement regarding the inquiry.
GSK(GSK) shares dropped 1.5% in Wednesday morning trading in London.
The U.K. probe is the latest complication to arise from string of corruption allegations made against the company by investigators and journalists.
GSK confirmed in April that Poland's anti-corruption bureau has opened an inquiry into its operations. The company is conducting its own investigation into its business practices in Jordan and Lebanon following allegations of employee misconduct.