- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2024-04-24T18:42:00
Food processing company ADM announced Chief Financial Officer Vikram Luthar, who was placed on administrative leave amid a probe into the company’s accounting practices, will resign.
Luthar will depart the company at the end of September or at an earlier agreed upon date, ADM disclosed in a regulatory filing published Monday. Until then, he will support the company as a nonexecutive employee.
In January, ADM announced the Securities and Exchange Commission opened an investigation into its accounting practices, which prompted the company to put Luthar on administrative leave.
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ADM disclosed the Department of Justice joined the Securities and Exchange Commission in probing the food processing company’s accounting practices.
ADM disclosed it will be late in filing its annual report for 2023 as it continues to investigate potential accounting improprieties regarding its nutrition reporting segment.
Food processing company ADM announced Chief Financial Officer Vikram Luthar was placed on administrative leave pending an investigation into accounting practices and procedures flagged by the Securities and Exchange Commission.
Data center owner Equinix disclosed it launched an independent investigation to review matters referenced in a recent short seller report that also caught the attention of the Department of Justice.
