Fraud uncovered at Tönnies causes upset
Tönnies Fleisch, the biggest German pig
slaughterhouse, has been suspected of fraud causing much upset in the pig
The company has been implicated in a
series of suspicious deals such as interfering with weighing machinery, bad
handling of subsidies in conjunction with trade in the Russian market, having
illegal employees and money laundering.
The above led to a big raid
of all branches of Tönnies and the arrest of managerial personnel.
Although charges have not yet been brought formally against Tönnies,
the company's reputation will inevitably be damaged through this action.
Der Spiegel investigation
Der Spiegel, the German magazine, added fuel
to the fire by reporting that this investigation had been prompted by action of
a former manager at Tönnies who was fired for fraud and is now employed by the
largest Dutch competitor - Vion.
Tönnies succeeded last year in fighting
off a takeover bid from Vion and Der Spiegel is now referring to a 'war among
the pig barons.'
Tönnies admits that this may be a case of
What is certain is that this affair has caused much
distress to German pig processors. 10% of pigs in the Federal Republic are
slaughtered by Tönnies.
The Ministry of Justice expects an update on this
case by end November. ISN, the German pig processors' association has been
following the case carefully. President of the association, Detlef Breuer,
commented that any suspicion of interference with the weighing apparatus "would
have come to light earlier by the Association."
Pig processors, for now,
will come doing business with Tönnies.
latest pig news, subscribe here
To comment, login here
Or register to be able to comment.