Defendant Name: Agria Corporation 

Defendant Type: Public Company

Document Reference: 2018-276

Document Details

Legal Case Name In the Matter of Agria Corporation
Document Name SEC Charges Agria Corporation and Executive Chairman With Fraud
Document Date 10-Dec-2018
Document Format Administrative Proceeding
File Number 3-18917
Allegation Type Issuer Reporting and Disclosure
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Other Compliance Related Undertaking
Monetary Penalties:

Civil Penalty

Individual:     $3,000,000.00 Shared:    

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."

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