More Monsanto Shenanigans
This should leave no doubt about the shenanigans of Monsanto and their ilk.
Just goes to show what money can buy. Here is a company that can bribe and pay the fine all in one felled swoop... and once the heat is off - then it's business as usual.
Chris Gupta
----------------------Monsanto fined $1.5m for bribery
The US agrochemical giant Monsanto has agreed to pay a $1.5m (£799,000) fine for bribing an Indonesian official.Monsanto admitted one of its employees paid the senior official two years ago in a bid to avoid environmental impact studies being conducted on its cotton.
In addition to the penalty, Monsanto also agreed to three years' close monitoring of its business practices by the American authorities.
It said it accepted full responsibility for what it called improper activities.
Payout
A former senior manager at Monsanto directed an Indonesian consulting firm to give a $50,000 bribe to a high-level official in Indonesia's environment ministry in 2002.
The manager told the company to disguise an invoice for the bribe as "consulting fees".
Monsanto was facing stiff opposition from activists and farmers who were campaigning against its plans to introduce genetically modified cotton in Indonesia.
Despite the bribe, the official did not authorise the waiving of the environmental study requirement.
Monsanto also has admitted to paying bribes to a number of other high-ranking officials between 1997 and 2002.
'Full responsibility'
The chemicals-and-crops firm said it became aware of irregularities at a Jakarta-based subsidiary in 2001 and launched an internal investigation before informing the US Department of Justice and the Securities and Exchange Commission (SEC).
Monsanto faced both criminal and civil charges from the Department of Justice and the SEC.
"Companies cannot bribe their way into favourable treatment by foreign officials," said Christopher Wray, assistant US attorney general.
Monsanto has agreed to pay $1m to the Department of Justice, adopt internal compliance measures, and co-operate with continuing civil and criminal investigations.
It is also paying $500,000 to the SEC to settle the bribe charge and other related violations.
Monsanto said it accepted full responsibility for its employees' actions, adding that it had taken "remedial actions to address the activities in Indonesia" and had been "fully co-operative" throughout the investigative process.
Story from BBC NEWS:
Published: 2005/01/07 06:22:58 GMT
posted by Chris Gupta on Thursday January 13 2005
updated on Saturday September 24 2005URL of this article:
http://www.newmediaexplorer.org/chris/2005/01/13/more_monsanto_shenanigans.htm
Related ArticlesBreakthrough Power:
"How quantum-leap new energy inventions can transform our world" by Jeane Manning & Joel Garbon is a non technical and easy to understand book that contains a fantastic summary of "free energy*" devices. The authors have done a superb job of making this difficult and somewhat esoteric information accessible to all. Both the experienced and those new and/or starting out in this exciting area of research will find the... [read more]
December 14, 2010 - Chris Guptathe Why All The Parties Hate Direct Democracy
Its all about control and not democracy that's why... Direct democracy, as opposed the top down industrial military directives that we, along with the rest of the world, are literally forced to swallow under the pretense of democracy, is the real thing. Hence direct democracy is a bane to the establishment, that literality runs our, so called, democratic governments. Once this is understood it becomes all to easy to see... [read more]
October 09, 2008 - Chris GuptaHarper's Pentagon North
...."The focus of the defence lobby now is on getting contracts signed as quickly a possible," Staples said in an interview. "They want to make it impossible for future governments to get out of these spending commitments.".... Even as a minority government Harper has nearly totally done us in - imagine what he has in store should he get a majority? See our future in: Why We Fight (complete documentary... [read more]
October 07, 2008 - Chris Gupta
