Financial Times FT.com

Roche's Seoul base raided in Tamiflu trade probe

By Justine Lau in Hong Kong, and Song Jung-a and Kang,Buseong in Seoul

Published: November 6 2009 02:00 | Last updated: November 6 2009 02:00

South Korean prosecutors have raided the Seoul office of Roche on suspicions that the Swiss drugs group illegally provided Tamiflu to Novartis and HSBC amid fears of a widespread outbreak of swine flu.

The South Korean Food and Drug Administration confirmed to the Financial Times that prosecutors searched Roche's office on Wednesday as part of an investigation into large-scale illegal purchases of the medicine to treat influenza.

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