P1.1-billion smuggling case slapped against big meat processing company
By Conrado Ching 04/15/2011The Bureau of Customs (BoC) has filed a P1.1-billion smuggling case against a major meat processing firm for undervaluing its imported buffalo meat from India.
Foodsphere Inc., the company which processed and canned meat brands such as CDO Karne Norte and Samba Corned Beef, supplies buffalo meat to nearly all popular restaurants in the country.
Charged were Rolando Juan Cruz, assistant vice president for finance of CDO-Foodsphere Inc. and Romeo Lerit, a Customs broker based in Escolta, Manila. Also included in the charge sheet were several John Does and Jane Does who participated directly or indirectly in the release of subject shipments.
Customs Commissioner Angelito Alvarez accused Foodsphere of declaring a per kilo value of only $1.50 (P66) for the 8,964,600 kilograms of buffalo meat it brought in between October 2009 and March this year..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/metro/20110415met2.html
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