Business & Finance: Grain Scandals (Cont'd)

After poking its head into grain bins leased by the Agriculture Department's Commodity Credit Corp., a House subcommittee thought it smelled something rotten. Last week it accused CCC employees of accepting expensive presents from companies they did business with, and charged that CCC had wasted "millions of dollars" in grain-storage fees.

CCC had misinterpreted the law, said the subcommittee, and used private warehouses when Government-owned space was available. In doing so, the committee charged, CCC had rented at least 109 warehouses which were actually surplus Government property and which had been leased by the Government in the first place to private grain-storage...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!