Decatur Herald-Review: ADM, subsidiaries fined in Ukrainian bribery case

(L-R) Archer Daniels Midland President and CEO Patricia Woertz, Merck President and CEO Ken Frazier and Caterpillar Chairman and CEO Douglas Oberhelman arrive at the White House for a meeting with President Barack Obama and other business leaders Nov. 28, 2012 in Washington, DC.
DECATUR — Archer Daniels Midland Co. and its subsidiaries will pay more than $54 million in U.S. criminal and regulatory penalties related to the bribery of Ukrainian government officials.
Alfred C. Toepfer International Ukraine LTD., known as ATCI Ukraine which is a majority-owned subsidiary of ADM, pleaded guilty Friday to one count of conspiracy to violate the anti-bribery provisions of the Foreign Corrupt Practices Act, according to the U.S. Department of Justice. The subsidiary agreed to pay $17.8 million in criminal fines to resolve charges it paid bribes through vendors to Ukrainian government officials to obtain value-added tax refunds.
 Read the story here