USA: Chiquita forced to make 'protection' payments in Colombia
US-based fresh produce company Chiquita Brands International has said that the US Department of Justice will be looking into the conduct of the company after Chiquita disclosed it had been forced to make "protection" payments to illegal Colombian groups.
The company announced this week that in April 2003, the company's management and audit committee, in consultation with the board of directors, voluntarily disclosed to the Department of Justice that the company's banana producing subsidiary in Colombia had been forced to make "protection" payments to certain groups in that country which have been designated under US law as foreign terrorist organisations.
"The company's sole reason for submitting to these payment demands has been to protect its employees from the risks to their safety if the payments were not made," the company said.
It told the Department of Justice about the payments when management became aware that these groups had been designated as foreign terrorist organisations under a US statute that makes it a crime to support such organisations.
The company said it requested guidance from the department, which began an investigation.
Chiquita said this week that the department had recently advised that, as part of the investigation, it would be evaluating the role and conduct of the company and some of its officers. Chiquita added that it cannot predict the outcome of the investigation or its possible effect on the company or its Colombian subsidiary.
Companies: Chiquita Brands International
US fresh produce firm Chiquita Brands International has announced that Kevin Holland has joined the company as senior vice president of human resources....
Fresh produce company Chiquita Brands International Inc said that its port facilities at Gulfport, Mississippi, were severely damaged by hurricane Katrina....
Fresh produce company Chiquita Brands International has reported rises in sales and income for the second quarter ended 30 June, helped by higher banana prices and favourable exchange rates in Europe....
Food service company Performance Food Group has announced rises in sales and earnings for the second quarter ended 2 July 2005....
Fresh produce company Chiquita Brands International has announced a series of senior management changes, among them that its board of directors has elected Tanios E Viviani as president of Fresh Expre...
Fresh produce company Chiquita as announced that it has completed its acquisition of the Fresh Express unit of Performance Food Group....
Chiquita Brands International has announced a new public private partner ship with the German Technical Co-operation (GTZ - Gesellschaft für Technische Zusammenarbeit) the Nogal Nature and Community P...
US fresh produce company Chiquita Brands International has issued a statement saying that it has become aware that certain of its employees had shared pricing and volume information over many years ...
- Comment: Premier has more to ponder than Brexit
- 2017: three major drivers of M&A strategy
- The food market in 2017 - consumer trends and M&A
- Trump seen as negative for global food trade
- Analysis: B&G Foods balancing growth and decline
- Nestle mum on Mead Johnson takeover talk
- Premier Foods issues profit warning
- Unilever rebrands I Can't Believe It's Not Butter
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs