Wednesday, March 21, 2007

Capitalism is Bananas

Colombia May Seek Chiquita Extraditions:
Eight Executives Targeted in Paramilitary Payment Scandal

BOGOTA, Colombia, March 20 -- Colombia's attorney general said Tuesday that his office would try to seek the extradition of eight executives from Chiquita Brands International, the Ohio banana company that last week admitted to paying $1.7 million to right-wing death squads that have killed thousands in this country's long civil conflict.

In deal with the Justice Department, Chiquita last week agreed to plead guilty to doing business with the United Self-Defense Forces of Colombia, a coalition of paramilitary groups whose members have massacred peasants and murdered leftist activists for years. In agreeing to pay a $25 million fine, the company characterized the payments as extortion that helped protect banana workers in the northwest Uraba region near the border with Panama.

For the full story, click here.

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