Friday, January 07, 2005

Monsanto Fined for Bribery over GE Cotton

Monsanto Co. affiliates made more than $700,000 in illicit payments to Indonesian government officials between 1997 and 2002, according to documents filed Thursday in U.S. District Court in Washington.
The agribusiness and biotech-seed company, based in Creve Coeur, said it will pay $1.5 million in fines and submit to independent monitoring for three years in order to settle related charges brought by the Securities and Exchange Commission and the Justice Department.

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