JAPAN: Nippon Food officials under police investigation for fraud
Executives at Nippon Foods, a subsidiary of leading Japanese meat processor Nippon Meat Packers, are being questioned by police over accusations that the firm defrauded a state-run beef subsidy scheme. Nippon Food officials are alleged to have abused a beef buyback scheme intended to help processors withstand the downturn caused by the country's BSE crisis. The government offered to buy back domestic beef that processors would be unable to sell.
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