"DOJ Investigates ADM's Accounting Practices Amid Investor Concerns"
The US Department of Justice has initiated an investigation into Archer-Daniels-Midland Co.'s accounting practices, specifically focusing on its nutrition business. This comes after the company suspended its CFO and revised its earnings outlook due to an external inquiry into its accounting practices. The probe, prompted by a SEC request, has led to concerns about potential legal consequences and has raised questions about the company's reporting procedures. ADM's expansion into the nutrition business, aimed at reducing dependence on agricultural commodities trading, has faced challenges, impacting the company's stock value and investor confidence.