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Regions :: Southeast Asia :: Indonesia
Former Monsanto Employee Fined for Bribing Indonesian Official
9:37 AM MDT | July 25, 2007 | Chemical Week Editorial Staff
The U.S. Securities and Exchange Commission (SEC) says it has fined former Monsanto employee Charles Martin $30,000 for allegedly bribing a senior official at Indonesia’s Ministry of Environment in 2002 in an unsuccessful bid to bypass controls on the screening of genetically modified crops. Martin, the former director/government affairs in Asia at Monsanto, allegedly generated the money by creating a set of invoices from a consulting firm to falsely bill Monsanto in an amount sufficient to cover the bribe, SEC says. Martin has not admitted guilt. Monsanto...
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