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India to investigate Monsanto for allegedly inflating prices of GMO insecticide Bt cotton seeds

| October 16, 2018
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This article or excerpt is included in the GLP’s daily curated selection of ideologically diverse news, opinion and analysis of biotechnology innovation.

The Delhi High Court [October 12] dismissed biotechnology firm Mahyco Monsanto Biotech’s plea challenging the fair trade regulator’s order to investigate [the company] for alleged abuse of [its] dominant position in [India’s] Bt cotton business. Competition Commission of India (CCI) can now proceed to investigate office bearers of Monsanto, officials …. said, referring to the probe that was ordered in 2016.

CCI …. said the conduct of [Monsanto] …. appears to be in violation of the Competition Act …. by charging unreasonably high fees for Bt cotton seeds. During the course of the investigation, the director general of CCI …. sought certain information with respect to office bearers of Monsanto ….

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[A] Monsanto spokesperson said, “Monsanto has completely cooperated with the CCI and the director general’s office in the ongoing investigation. We have provided information requested by the CCI, including making individuals available for deposition to enable the investigation.

Read full, original article: High Court dismisses Mahyco Monsanto plea against CCI probe order

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