U.S. Expands Probe of Monsanto Payments
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Monsanto Co., the world’s largest maker of genetically engineered crops, said U.S. authorities had expanded a probe to determine whether the St. Louis-based company made improper payments to an Indonesian government official.
The Justice Department is examining whether a former consultant made an improper $50,000 payment to an Indonesian official in early 2002 at the direction of a former Monsanto employee.
Monsanto disclosed the activities in Indonesia to the Securities and Exchange Commission after an internal audit in 2002.
Monsanto shares fell 48 cents to $33.77 on the NYSE.
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