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ADM Willing to Pay Double to Settle Bribery Probe

By Amanda Brodhagen, Farms.com

Archer Daniels Midland Co. (ADM) said Tuesday, that its willing to pay double as much as previously expected to settle a bribery probe with the U.S. government.

The agricultural commodity trading house said it would now pay $54-million from $25-million to resolve violating foreign bribery laws relating to grain and feed exports.

ADM has been trying to clear its name with the U.S. Justice Department since 2008, when it violated the Foreign Corrupt Practices Act. The company reported on its second quarterly profits Tuesday, which also said it raises the settlement offer "based upon recent progress in these discussions," the company statement read.

More on the investigation can be read at - Archer Daniels in hot water over FCPA investigation.
 


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SaskAgToday.com Roundtable: India imposes a 30% duty on all yellow pea imports

Video: SaskAgToday.com Roundtable: India imposes a 30% duty on all yellow pea imports

Canadian farmers have another barrier to deal with when marketing grain. India announced it will issue a 30% duty on all yellow pea imports, including from Canada, effective Saturday, November 1. That was the main topic of the SaskAgToday.com Roundtable, though it's not the only one as the final crop report of 2025, SARM's recent trip to Ottawa, and the upcoming Grain Millers Harvest Showdown in Yorkton were other notable topics.