Monsanto Fined for Bribing Indonesian Official

From: International Herald Tribune - France

WASHINGTON: A former executive at Monsanto, the world's biggest developer of genetically modified crops, has been fined $30,000 for bribing an Indonesian official in an unsuccessful bid to repeal an environmental rule, the U.S. Securities and Exchange Commission said.

Charles Martin, Monsanto's former government affairs director in Asia, violated the Foreign Corrupt Practices Act in 2002 when he told a consultant to pay a senior Indonesian environmental official $50,000, the SEC said Tuesday. Martin arranged to book the bribe as part of the consultant's fee. For Full Article see: www.iht.com/articles/2007/03/07/yourmoney/monsanto.php

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