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US SEC (Securities and Exchange Commission) fines ex-Monsanto official

The US Securities and Exchange Commission (SEC) has fined a former Monsanto executive $30,000 for telling a consultant to bribe an Indonesian official to repeal a decree on genetically modified crops in 2002. The SEC ordered Monsanto to pay $1.5 million in 2005 to settle charges in this case and other incidents of "illegal or questionble" payments in Indonesia (Agrow No 464, p 3).



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