$22 Million for Monsanto Whistleblower

by Admin on September 9, 2016

The U.S government awarded $22 million to the Monsanto whistleblower sparking same demands for Snowdenthe_office_of_the_whistleblowersec_symbol

 

The United States Securities Exchange Commission (SEC) announced that the giant agribusiness Monsanto paid an $80 million penalty for violating accounting rules pertaining to its flagship herbicide product, Roundup, according to ActivistPost.

Reports claim that a former employee of Monsanto’s exposed discrepancies in the company’s accounting for Roundup. Following this, the SEC conducted an investigation and discovered Monsanto had “insufficient internal accounting controls” and was “unable to account for millions of dollars in rebates after generic competition had undercut Monsanto’s prices and resulted in a significant loss of market share.”

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Part of the deal involved splitting 30% of the $80 million and awarding it to the whistleblower. This has gained the interest of several activists who are of the opinion that the SEC should also award  whistleblowers who have exposed crimes committed by the U.S government, most notable of whom are Edward Snowden, Bradley Manning (now Chelsea Manning) and Julian Assange.

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Image Credit: Wikimedia Commons

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