Agria: SEC Charges Agria Corporation and Executive Chairman With Fraud

A multinational agricultural company has agreed to pay $3 million to settle charges that it concealed substantial losses from investors through fraudulent accounting in connection with its divestiture of its primary operating entity. In a related action, the company's executive chairman Lai Guanglin (aka Alan Lai) settled charges that he manipulated the company's share price.The post SEC Charges Agria Corporation and Executive Chairman With Fraud appeared first on The Industry Spread.