Defendant Name: Agria Corporation 

Defendant Type: Public Company
SIC Code: 6159
CUSIP: 00850H10

Initial Case Details

Legal Case Name In the Matter of Agria Corporation
First Document Date 10-Dec-2018
Initial Filing Format Administrative Action
File Number 3-18917
Allegation Type Issuer Reporting and Disclosure
AAER 3996

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
Other
• Rule 13a-16 Exchange Act

Resolutions

First Resolution Date 10-Dec-2018
Headline Total Penalty and Disgorgement $3,000,000

Related Documents:

34-84763 10-Dec-2018 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On December 10, 2018, the SEC issued an order against Agria Corporation, stating: "Agria violated the anti-fraud, reporting, books and records, and internal accounting control provisions of the federal securities laws. Between 2010 and 2013, Agria engaged in a course of fraudulent accounting related to its July 2010 divestiture of Taiyuan Primalights III Modernized Agriculture Development Co., Ltd. ("P3A"), a consolidated affiliated entity."
2018-276 10-Dec-2018 Press Release--Administrative Proceeding
SEC Charges Agria Corporation and Executive Chairman With Fraud
The SEC stated: "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."

Related Actions:

In the Matter of Lai Guanglin (Alan)
Lai Guanglin (Alan)
In the Matter of Michael Filkoski, CPA, and Scott Magnuson, CPA
Michael Filkoski, CPA
Scott Magnuson, CPA