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CHS self-reports FCPA investigation

Jaclyn Jaeger | December 4, 2018

Farm supplies company CHS disclosed in a Dec. 3 securities filing that it has self-reported to the Department of Justice and Securities and Exchange Commission potential violations of the Foreign Corrupt Practices Act.

CHS said in a Form 10-K that it contacted the U.S. Department of Justice and SEC in the fourth quarter of fiscal year 2018 “to voluntarily self-disclose potential violations of the FCPA in connection with a small number of reimbursements the company made to Mexican customs agents in the 2014-2015 time period for payments the customs agents made to Mexican customs officials in connection with inspections of grain crossing the U.S.-Mexican border by railcar.”

CHS said it is “fully cooperating with the government, including with the assistance of legal counsel.” That assistance includes “investigating other areas of potential interest,” the filing states....

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