Guest guest Posted January 8, 2003 Report Share Posted January 8, 2003 Japan's Top 10 News Stories 2002 No. 4: Mislabeling scams rock Japan's meat industry By Makoto Oda Staff Writer Dec. 28, 2002 Major meat companies' mislabeling of imported beef as domestic meat to cheat subsidies under a program aimed at helping an industry hit hard by the outbreak of mad cow disease illustrated the moral hazard of Japan's corporate society. The incidents also demonstrated that companies involved in unfair and illegal practices must pay a hefty price if found out. The scandal caused the collapse of one of the companies -- Snow Brand Food Co. -- and the downfall of the founder of another, Nippon Meat Packers, Inc. Following the revelations of the scandals, supermarkets and other retailers removed the two companies' products from store shelves while angry consumers boycotted their products. full story: http://mdn.mainichi.co.jp/features/0212/28meat.html Quote Link to comment Share on other sites More sharing options...
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