- In 2003 Chiquita Brands International Inc. admitted to the Department of Justice that it had been making illegal payments o a terrorist group in Columbia. This year, the company pled guilty and agreed to pay $25 million in fines. Not only does this mark the first time a major U.S. compny has been charged with having financial dealing with terrorists, it is also unique in the level of accountability that followed.
- As the Wall Street Journal reports, corporations that have admitted to wrongdoing and agreed to cooperate with the government have traditionally received lenient treatment. However... a federal grand jury is considering criminal prosecution for the former head of the company's audit committee, Roderick M. Hills, and other company executives in light of Chiquita's continued payments to the violent group in questin for almost a year after the meeting with the Justice Department.
(Acres USA 37/10)