India's anti-trust regulator has fined Monsanto Co 15 million rupees ($233,000) for being too slow in replying to questions in a competition probe into the US seeds company. The Competition Commission of India (CCI) last year ordered an investigation into whether Monsanto had abused its dominant position as a supplier of genetically modified (GM) cotton seeds.
The CCI, which is yet to complete its investigation, fined Monsanto for delays in filing replies, according to official documents reviewed by Reuters. Monsanto responded to CCI's queries in August, but only after eight reminders issued between April 2016 and May this year, the watchdog's November order showed.
"The commission hopes and trusts that full cooperation shall now be provided," the CCI said in its order dated November 14. A Monsanto India spokesman said: "Monsanto continues to extensively cooperate with the CCI in the investigation and has been providing information in response to requests received."
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