2013 horse meat scandal King, which has more than 500 fast food outlets in Ireland and the UK, dropped Silvercrest as a supplier, using suppliers in Germany and Italy instead, after horse meat was found in their supply chain. Waitrose removed beef meatballs from sale when it found that they contained pork. The meatballs were manufactured by an ABP factory in Glasgow. Waitrose, part of John Lewis, said it would be creating a new facility to supply its own beef products. Tesco, the Co-operative Group and Aldi also cancelled contracts with ABP Food Group because of the adulteration. Food wholesaler Makro, supplier to the
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