October 3, 2007

Dutch meatpacker charges German competitor with fraud

A Dutch meatpacking company has charged its German competitor Tonnies with fraud at the German justice ministry.

Dutch company Vion filed the suit at the German justice ministry after failing in its bid to takeover its rival a year earlier. Relations between the two companies have been acrimonious ever since, according to German magazine Der Spiegel.

The report led to an investigation into the German meatpacker Tonnies' activities last month.

The magazine said the investigations launched against Tonnies was a action of personal revenge by an ex-employee, who was said to be have been fired because he would have cheated the company of EUR 700,000. (US$992,670).