2013 horse meat scandal restaurant and pub industry, announced that some of its frozen burgers supplied by Silvercrest tested positive for horse DNA. A spokesman said that Makro no longer sold the product in question. On 14 February 2013, the French government stated that French meat processing company À la Table de Spanghero knowingly sold horse meat labelled as beef, and that their licence was suspended while an inquiry continues. Spanghero imported meat from Romania and sold it on to another French company, Comigel, which made frozen ready meals at its factory in Luxembourg. French Consumer Affairs Minister Benoît Hamon said the meat had
Tesco profits by £250 million. The misreporting resulted in almost £2.2 billion being wiped off the value of the company’s stock market value. The suspended executives included former commercial director Kevin Grace and UK managing director Chris Bush. The profit overstatement was subsequently revised upwards to £263 million following an investigation by the accountancy firm Deloitte, and it was clarified that the inflated profit figure was the result of Tesco bringing forward rebates from suppliers. The Serious Fraud Office (SFO) confirmed on 29 October 2014 that it was carrying out a criminal investigation into the accounting irregularities but declined to give