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BUSINESS
October 12, 1989 | From Times wire services
The government, acting under pressure from Capitol Hill, has suspended from its export subsidy program a grain exporting company partly owned by fugitive Marc Rich, officials said today. Rich, who left the United States while facing charges of racketeering, wire fraud and tax evasion, now lives in Switzerland. Agriculture Department officials said they have begun a process that may lead to a permanent ban on participation in the Export Enhancement Program by Richco Grain Ltd.
BUSINESS
June 7, 1989
Fugitive Still Being Paid Agricultural Subsidy: A company owned by fugitive Marc Rich from U.S. justice has received more than $65 million in payments from the U.S. Agriculture Department and continues to benefit from American farm export subsidies, a congressman charged. Rep. Dan Glickman (D-Kan.) said Rich, owner of Richco Grain Ltd., is under criminal indictment but his firm continues to receive payments from the department to underwrite grain exports. Richco Grain is based in Zug, Switzerland, but has an office in Stamford, Conn.
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