Monsanto subpoenaed by Illinois Attorney General
In January it was announced Monsanto had to pay $1.5m in penalties to the US government over a bribe paid in Indonesia in a bid to bypass controls on the screening of new GM cotton crops.
This month Syngenta had to pay a fine of $375,000 for contaminating seeds with an unapproved variety of GM corn.
Both scandals had been going on for years.
Now Monsanto has been subpoenaed by the Illinois Attorney General...
Monsanto Cooperating With Illinois Attorney General to Provide Information Regarding Biotechnology Crop Licensing
Press Release Source: Monsanto Company
Wednesday April 20
ST. LOUIS, April 20 /PRNewswire-FirstCall/ -- Monsanto Company (NYSE: MON - News) said today that it is cooperating with the Illinois Attorney General's office to provide information regarding pricing and licensing of genetically modified seeds. The issues and background sought are similar to requests raised in various contexts by others in the past. Monsanto has fully and successfully presented explanation of its past technology and seed licensing practices in formal and informal circumstances, including court proceedings.
"We are responding to the Illinois Attorney General's subpoena and will cooperate fully," said Monsanto's General Counsel Charles W. Burson.
Monsanto's commercial approach is to broadly license its value-added technologies to hundreds of seed companies so that growers who wish to plant seeds with the company's innovations can choose the seed brands they prefer. "We firmly believe that Monsanto has and continues to compete fairly in establishing the value our innovations are bringing to our seed customers and to farmers," Burson said.
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. For more information on Monsanto, see: