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Mon Jun 10, 2019, 01:37 PM

Trump administration has given $200K in U.S. farm bailout to a corrupt Japanese firm [View all]

More than $200,000 meant for struggling American farmers was given earlier this year by the Trump administration to a grain supplier owned by a Japanese corporation with a history of corruption — the second foreign-controlled company to be showered with such bailout cash, federal records show.

Columbia Grain International, an Oregon-based subsidiary of Japanese trading powerhouse Marubeni, was awarded two taxpayer-funded bailout contracts in February from the U.S. Department of Agriculture for green and yellow split peas with a combined worth of $203,000, according to previously undisclosed purchase reports seen by the Daily News.

The bailouts were issued despite Marubeni having been prosecuted by the U.S. Justice Department for criminal violations of the Foreign Corrupt Practices Act that resulted in the corporation having to pay more than $140 million in fines, according to court papers.

JBS USA, a Colorado-based subsidiary of Brazil’s JBS SA, the largest meatpacker in the world, has received at least $62 million in bailout cash from the same pot of federal money, as first reported by The News last month.

The JBS payouts stoked outrage among congressional Democrats and industry watchdogs, who questioned how subsidizing a massive foreign-owned corporation would help farmers in the American heartland.

“There is no excuse for the Trump administration’s rampant waste of taxpayer dollars,” Blumenthal (D-Conn.) said on Friday.


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Reply Trump administration has given $200K in U.S. farm bailout to a corrupt Japanese firm [View all]
left-of-center2012 Jun 2019 OP
Wellstone ruled Jun 2019 #1
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