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NATIONAL AFFAIRS: Foreign takeover bid for Australia’s GrainCorp.. ADM’S murky history

Patrick J. ByrneNov 23, 201315 min read

If the Australian grain-trading company AWB Ltd’s culpability in the oil-for-wheat scandal — involving kickbacks to the former Iraqi dictatorship of Saddam Hussein — warranted the dismantling in 2008 of Australia’s wheat single-selling desk, then the government should reject U.S. corporation Archer Daniels Midland’s takeover bid for Australia’s GrainCorp, given ADM’s long history of corruption. Dwayne Andreas, Archer Daniels Midland (ADM)’s CEO, 1971-1997. …

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