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In a statement yesterday, London-based GlaxoSmithKline Plc said that the Serious Fraud Office of the UK has launched a probe into allegations of corporate bribery.

Bloomberg said shareholder advisory firms Institutional Shareholder Services Inc and Glass Lewis & Co are calling out on how Wal-Mart Stores Inc had been handling allegations of corporate bribery in its overseas stores and its executive compensation.

In his case summary today at a London court, attorney Timonthy Langdale for defendant Andy Coulson shifted the blame on the prosecution for not presenting real evidence to deem that the former editor was guilty of wrongdoing, Bloomberg reported.