10 July 1998
ADM trial gets under way
The criminal trial of Archer Daniels Midland executives, one of the USs biggest agribusiness companies, got under way yesterday.
The case centres around price fixing charges which have plagued ADM for almost three years. The group is involved in everything from cocoa to cattle feed.
The prosecutions complaint is that Mick Andreas, vice-chairman, and Terrance Wilson, president of the corn-processing division, together with Mark Whitacre, another top executive, and Kazutoshi Yamada, managing director of Japans Ajinomoto, conspired to fix the price of lysine and allocate its sales volumes worldwide for about three years.