WASHINGTON, July 26 Delta & Pine Co. and a
subsidiary have agreed to pay $300,000 to settle charges that
the unit paid Turkish officials to get documents needed to
operate its business in Turkey, the U.S. Securities and
Exchange Commission said on Thursday.
The SEC said top cotton seed producer Delta & Pine, which
has since been acquired by Monsanto Co. (MON.N), through its
subsidiary Turk Deltapine Inc. made payments of about $43,000
from 2001 through 2006 to officials of the Turkish Ministry of
Agricultural and Rural Affairs.
A Monsanto spokesman could not immediately be reached for
comment. Delta & Pine and Turk Deltapine settled with the SEC
without admitting or denying the charges.
The SEC said the payments violated the Foreign Corrupt
Practices Act. It also said Delta & Pine failed to keep
accurate books and records in connection with the improper
(Reporting by Karey Wutkowski)