Astra’s Ex-Chief in China Formally Charged With Insurance Fraud

AstraZeneca Plc’s former China head Leon Wang has been formally charged with medical insurance fraud, unlawful collection of personal information and illegal trade, with the case heading to court.

The company was also indicted on charges of illegal trade, and the unlawful collection of personal information, AstraZeneca said in its latest financial results this week, though it said no illegal gain was alleged from that. It will not face the more serious charge of insurance fraud.

Chinese authorities have been investigating some of Astra’s current and former employees over alleged law breaches around drug imports, data privacy and insurance ...