Sunday, February 06, 2005

Monsanto fined $1.5m over Indonesia bribes

(Excerpt from New Farm article)

The cash payment was delivered by a consultant working for the company's Indonesian affiliate, but was approved by a senior Monsanto official based in the US, and disguised as consultants fees.
The company also admitted that it had paid over $700,000 in bribes to various officials in Indonesia between 1997 and 2002, financed through improper accounting of its pesticide sales in Indonesia.

I wonder why Monsanto felt compelled to turn themselves in... what isn't being said here?

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