❤❤❤ Tescos Horsemeat Scandal Analysis
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Horsemeat scandal: how safe is your food?
It remains to be seen what the lasting damage to the business will be and Tesco has already suspended four senior executives, including UK managing director Chris Bush, while investigations continue. It is unclear whether there are other big accounting shocks hidden away, but Tesco seems likely to receive a substantial fine from the FCA.
The board, my colleagues, our customers and I expect Tesco to operate with integrity and transparency and we will take decisive action as the results of the investigation become clear". Dave Lewis - Tesco. Tesco scandal — the perils of aggressive accounting. Short-term focus The Tesco scandal has also highlighted again the perils and pressures of being a publicly traded company with a focus fixed on the short-term. The board, my colleagues, our customers and I expect Tesco to operate with integrity and transparency and we will take decisive action as the results of the investigation become clear" Dave Lewis - Tesco.
Related Links. Read more from Student Accountant. The company told us meat from Selten was sourced for ABP not directly but on occasion by a Cheshire-based trading company called Norwest Foods. That company was set up by Ray MacSharry Jr, son of the former Irish agriculture minister and European commissioner and, the Guardian has established, a former employee of Goodman. Norwest's business interests include an abattoir in Spain, an office in Poland and an animal feed business in Ireland. Last month both companies announced that they had reached a confidential financial settlement, and Norwest apologised for selling horsemeat to ABP Silvercrest unwittingly.
ABP refused to answer questions about where the Selten meat had ended up. The Guardian has managed to follow a trail from Selten's Dutch factory back to a key source of its horsemeat in the UK. Selten took deliveries from a Cheshire-based slaughterhouse known as Red Lion. It is owned by the Turner family, who slaughter and cut horsemeat and who own a cargo handling company in Dundalk, Ireland. Before the horsemeat scandal broke, an animal sanctuary planted hidden cameras in key parts of the plant and filmed its Polish slaughtermen apparently abusing horses, and it became the subject of protests. By scouring data from campaigners about lorry movements from the abattoir, we were able to establish that it had delivered to the Dutch business.
Polish workers at Selten's factory confirmed that Red Lion lorries arrived once a week. The Red Lion slaughtermen's licences were suspended and they are still being investigated by the authorities. There is evidence that suggests horsemeat at the Red Lion abattoir came via a route involving organised crime. Two separate sources involved with enforcement have told us that Red Lion was the final destination of deliveries of animals from a loyalist Northern Irish horse dealer, Laurence McAllister. He was tracked transporting unfit horses and donkeys, some without passports, from Northern Ireland via Scotland for disposal in the UK. He was found guilty in October of drug smuggling and later of animal cruelty offences.
Some of the horses he had been transporting were sick with chest infections, wounds, diarrhoea and sepsis. A spokesman for the Turner family insisted that all their horsemeat deliveries to Selten had been properly labelled as horse and were legal. He at first denied but later acknowledged that one horse sent to Selten had been the subject of a recall having tested positive for 'bute', the horsemeat drug banned from the food chain. Tests for bute were taking three weeks at the time, so carcasses were often only recalled once they had already been sold on. The family through their lawyer, initially denied that horse had ever been bought by the abattoir from McAllister.
But just in case you actually didn't for some reason understand what I meant, here's an example: let's say a horse was executed because it had a serious leg injury that couldn't be healed. We all know people eat meat that comes from horses, don't we? So, isn't it good to eat said horse's meat instead of let's say someone's that was solely executed for meat? He argues about the use and abuse of animals raised for our consumption. He did this in an attempt to halt the live transport of the sheep. By placing the ham in the feedpens, and the sheep then consuming the food, meant the sheep were unacceptable under halal slaughter for Muslim to consumer. These goals were accomplished in many ways. Summery of the issue. The issue in which I will be speaking about is how Mc Donald's treats their live stock.
This is an issue because there have been many cases where Mc Donald's have been accused of animal cruelty. USDA has repeatedly purchased meat from companies that have been involved in major bacterial outbreaks. A handful of children have been sickened because of this. To make matters even worse, the USDA buys the cheapest meat it can get, leaving the meat highly susceptible to having harmful diseases and pieces of bones. Using facts and statistics, such as the decline in FDA inspections from 50, in to only 9.