2013 horse meat scandal The horse meat that was found in Comigel products originated at Doly Com, a Romanian-based slaughterhouse. An inquiry by the French government showed that "the meat had left Romania clearly and correctly labelled as horse. It was afterwards that it was relabelled as beef." Doly Com supplied the horse meat under a contract to Cyprus-based Draap Trading Ltd, a meat trader which operates in the Netherlands. It is owned by a British Virgin Islands holding company, and Jan Fasen is a director. "Draap" spelt backwards is "paard," the Dutch word for "horse". After having the horse meat delivered to a
Criticism of Tesco the SFO, who took matter out of the hands of the Financial Conduct Authority, the City's business regulator. The UK accountancy regulator, the Financial Reporting Council, is also reported to be monitoring Tesco. Tesco's auditor PwC declined to comment. It found that they were overstated by £118m in the first half of this year, by £70m in the 2013-2014 financial year and by £75m before that. Warwick Business School's Prof Crawford Spence said: "Now that Tesco are being investigated for fraud by the SFO, the Financial Reporting Council have yet greater reason to start an investigation into the auditors' role