ADM Puts CFO on Leave as Farm Giant Probes Accounting

Agriculture company Archer Daniels Midland placed its chief financial officer, Vikram Luthar, on administrative leave as it investigates accounting practices at the company. The Chicago grain merchant and commodity trader said that the continuing investigation centers around ADM’s nutrition business and that it follows a voluntary document request by the U.S. Securities and Exchange Commission. ADM said Luthar’s leave is pending an investigation by outside counsel and its board’s audit committee, focused on certain intersegment transactions in the company’s nutrition business.