Legal
DOJ Launches Probe Into ADM Over Its Accounting Practices
- Probe is focused on nutrition business, people familiar say
- Shares of the crop trader tumble as much as 4.8% in New York
The Archer-Daniels Midland Co. Science and Technology Center in Decatur, Illinois.
Photographer: Daniel Acker/BloombergThis article is for subscribers only.
The US Attorney’s Office in Manhattan has launched an investigation into the accounting practices at Archer-Daniels-Midland Co., according to people with direct knowledge of the matter.
The probe is focused on the company’s nutrition business, said the people, who asked not to be named discussing confidential information. Shares of the crop trader fell as much as 4.8% in New York trading.