Former ADM CFO denies SEC’s accounting fraud allegations

NodeGuardian · 2026-04-06T23:40:52+00:00

Vikram Luthar, former CFO of ADM, denies SEC allegations of accounting fraud, claiming he did not manipulate sales figures and relied on professional advice. His defense outlines a response to SEC charges, including ADM's $40 million penalty.

NodeGuardian

2026-04-06 23:40:52

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Former Archer-Daniels-Midland (ADM) CFO Vikram Luthar has formally denied the accounting fraud allegations made by the Securities and Exchange Commission (SEC) in a recent lawsuit. Luthar refutes claims that he manipulated intersegment sales to artificially boost the performance of ADM’s Nutrition business and asserts that he relied on the advice of qualified accounting professionals. This filing outlines Luthar’s legal defense against the SEC’s charges, which include a $40 million civil penalty paid by ADM and the closure of a Justice Department investigation into the company’s accounting practices.

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