Thursday, March 15, 2007

Banana firm fined for paying off Colombian paramilitaries

The Guardian

A major US-based banana producer is to pay a fine of nearly £13m after admitting it made protection payments to a right-wing Colombian paramilitary group implicated in human rights abuses and cocaine smuggling.
In a deal with the US justice department, announced last night, Cincinnati-based Chiquita Brands International pleaded guilty to one charge of conducting business with a terrorist group, agreeing to a fine of $25m.
The settlement resolves a lengthy justice department investigation into the company's financial dealings with both right-wing paramilitaries and leftist rebels in Colombia.


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