Australian Agricultural Company (ASX:AAC) has responded to an ASX query letter regarding an indictment by the Southern District of New York, against Joe Lewis.

The indictment accused Lewis of receiving confidential information from AAC, related to financial damages suffered due to significant flooding in Queensland in early 2019.

AAC claims it has made inquiries with two relevant board members, and denied the allegations.

The ASX questioned AAC about whether any information was shared with Lewis prior to its public release, and if so, whether it was in accordance with the listing rules.