Federal and International

Archer Daniels Midland Company Subsidiary Pleads Guilty to Conspiracy to Violate the Foreign Corrupt Practices Act

Washington, DC—(ENEWSPF)—December 20, 2013. A subsidiary of Archer Daniels Midland Company (ADM) pleaded guilty today and has agreed to pay more than $17 million in criminal fines to resolve charges that it paid bribes through vendors to Ukrainian government officials to obtain value-added tax (VAT) refunds, in violation of the Foreign Corrupt Practices Act (FCPA).

Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney James A. Lewis of the Central…

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