Global Processing

U.S. expands Monsanto-Indonesia probe

March 23, 2004
According to the Associated Press, the Department of Justice has expanded an investigation into issues related to Monsanto Co.''s Indonesian affiliates, the company said Monday. Monsanto said the Justice Department is looking into whether a former Monsanto employee directed an outside consultant to make an improper $50,000 payment to an Indonesian government official in 2002. The agricultural chemicals and biotechnology company notified the Securities and Exchange Commission of irregularities with its Indonesian affiliates in 2002 after an internal audit. The suburban St. Louis-based company said it is cooperating with the investigation. The Department of Justice said it could neither speak to, nor confirm, an investigation.