OTHER NEWS - June 20, 1996

ADM Reportedly Fighting Subpoena in Probe: Archer-Daniels-Midland Co. is fighting a Justice Department effort to obtain all company records detailing how a former executive obtained millions of dollars through the use of phony invoices. Lawyers for ADM went into federal court in Peoria, Ill., last week to oppose the government subpoena for documents related to Mark Whitacre, the Wall Street Journal reported. The closed hearing over the subpoena stems from a criminal inquiry by the Justice Department’s fraud division into whether Whitacre embezzled more than $9 million from ADM. The Decatur, Ill.-based company declined to comment. But over the past several months, it has portrayed itself as the victim of embezzlement by Whitacre, the former president of ADM’s BioProducts division, and has said it is cooperating with federal investigators. Whitacre’s lawyer couldn’t be reached for comment. ADM accused Whitacre of the crimes after learning he had served as an informant for U.S. investigators probing possible antitrust violations by ADM and others.