GFM Network News


(Cia.gov)

India’s federal police probe bosses of two fertilizer companies

Large-scale nutrient purchases often known to sway spot prices

Mumbai | Reuters — Indian authorities have opened an investigation into the heads of two leading fertilizer importing companies, alleging they secured commissions from overseas suppliers for inflating the prices of crop nutrient purchases. The Central Bureau of Investigation (CBI), India’s top crimefighting agency, said late Wednesday it was investigating U.S. Awasthi, managing director of […] Read more