2/9/2010

A U.S. Justice Department investigation into corruption at food giant SK Foods led to a guilty plea from nine people, who admitted they participated in bid rigging, money laundering and racketeering. Prosecutors said the nine, along with others, paid $330,000 in bribes to persuade some of the biggest food companies in the U.S. to buy their products. Concerned that corruption and anti-competitiveness are inflating the grocery bill of Americans, prosecutors said the SK Foods case is only the beginning of what will become a broad, nationwide inquiry into the food industry.

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