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Archer Daniels accounting being investigated by DOJ, Bloomberg reports

The U.S. Attorney’s Office in Manhattan has started an investigation into the accounting practices at Archer-Daniels-Midland, focused on the company’s nutrition business, people with direct knowledge of the matter told Bloomberg. Last month, ADM suspended CFO Vikram Luthar and cut its earnings outlook pending an inquiry into its accounting practices prompted by the Securities and Exchange Commission.

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