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India fines Monsanto for delays in answering anti-trust questions

Reuters  |  NEW DELHI 

By Aditya Kalra and Mayank Bhardwaj

(Reuters) - India's anti-regulator has fined Co 15 million rupees ($233,000) for being too slow in replying to questions in a competition probe into the U.S. seeds company.

The Competition Commission of (CCI) last year ordered an investigation into whether had abused its dominant position as a supplier of genetically modified (GM) cotton seeds. (http://bit.ly/2AJ39ih)

The CCI, which is yet to complete its investigation, fined for delays in filing replies, according to official documents reviewed by

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 Nov. 14.

A spokesman said: "continues to extensively cooperate with the CCI in the investigation and has been providing information in response to requests received."

"This order is related to a procedural matter and is subject to further orders from the High Court," he added.

Challenging the role of CCI and the nature of its probe, has filed two separate cases with the High Court.

is locked in a battle with Indian seed maker, Nuziveedu Seeds Ltd, one of the complainants at the CCI.

That battle sparked a series of government moves that prompted the world's biggest seed company to withdraw from some businesses in India, one of the world's most important seed markets, reported earlier this year. (http://reut.rs/2jbDq80) (http://reut.rs/2ncBknn)

(Reporting by Mayank Bhardwaj; Editing by Mark Potter)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 20:36 IST
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