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January 07, 2005

Monsanto fined for bribery

American agri-chemical form, Monsanto - most infmaous for it's pioneering of genetically modified crops to work with its weedkillers - has been fined $1.5 million for bribing an Indonesian official.

The bribe was invoiced as "consulting fees", so that the official in question would waive an environmental assessment report into plans for the company to grow genetically-modified cotton in Indonesia.

Monsanto has also apparently admitted paying bribes to a number of other high-ranking officials between 1997 and 2002.

More on that story here: Monsanto fined $1.5m for bribery

Posted by brian_turner at January 7, 2005 03:31 PM

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