Brazilian firms accused of bribing inspectors to keep rotten meat on market
20 March, 2017, 16:11 | Author: Leticia Walters
An NTUC FairPrice spokesman said it is aware of ongoing investigations into BRF, which owns the Sadia and Perdigao brands, and JBS, owner of Big Frango and Swift brands, which supplies poultry products to NTUC FairPrice as well as other retailers.
JBS shares tumbled 10% on Friday, while BRF fell 7%.
The U.S. bought $297.8 million of red meat from Brazil in 2016, according to government data.
In an unusual move on a Sunday, Temer welcomed about 20 ambassadors from among the 150 nations that import Brazilian meat to Planalto Palace in response to doubts raised after it was revealed that certain companies were adulterating spoiled meat to hide the odor, then selling it both in the local market and to foreign buyers, Efe news reported. The printed version of that ad - which has been plastered across newspapers, in addition to the daily ones featuring a juicy stake and a smiling Brazilian actor - is also the first result that comes up in Google searches for the company's name.
It added that those companies follow the strictest domestic and global rules and standards for beef, whether that meat is intended for the domestic market or for export markets.
The raids were a culmination of a two-year investigation. Also in 2016, BRF launched a new line of low-sodium, animal welfare-certified food branded by United Kingdom celebrity chef Jamie Oliver. It was alleged that some of the meat, including sausages and cold cuts, was adulterated with ingredients including pig heads, and that suspect smells were masked by applying acid. Wrongdoings would also include repackaging of expired products and the export of cargoes tainted with salmonella.
They accuse more than 30 companies of a number of unhygienic practices.
Mr Chung added that Singapore imports some 70 per cent of its frozen chicken from Brazil, but this is not the case for beef.
Brazil's President Michel Temer has sought to reassure foreign trade partners that the corruption scandal engulfing the country's meat industry does not mean its products are unsafe. "And only six of them have exported in the past 60 days", said Mr Temer.
The biggest newspapers ran pictures of the dinner on the front page Monday, after a weekend full of social media frenzy around the scandal.
"As a responsible retailer, we take matters of food quality and safety very seriously".
The Company is a homewares retailer, which provides a range of products to its customer base, under the brand name Dunelm. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company.
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