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Archer-Daniels-Midland (ADM) is facing a probe by the US Justice Department regarding its ethanol trading desk. The investigation is examining ADM's accounting practices and whether the company improperly accounted for hedges in its ethanol trading unit. This scrutiny follows an $8 billion wipeout in ADM's value.
#China: CNOOC former manager under investigation, state media reports #oott https://t.co/QhY5uZTJDx
Huang Min, a former deputy mayor of Shenzhen who oversaw the Qianhai reform zone, has been placed under investigation, the Communist Party’s anti-corruption watchdog said Thursday https://t.co/12EZSF1fgl
The DOJ is investigating ADM's ethanol trading desk, according to sources. The additional scrutiny indicates that the Justice Department is taking a broader look at ADM's accounting practices than previously reported https://t.co/OtI9M8llXG https://t.co/jPfaq770ND