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British beef claims hit French food chain
Buffalo Grill, a French fast-food chain, has seen its shares collapse after it was accused yesterday (18 Dec) of illegally buying British beef while exports were banned by the European Union in the BSE scare, reports The Independent newspaper.
Shares are reported to have fallen by more than 90 per cent and trading in the firm was suspended. The Independent says two senior company officials have been accused of fraud, and the president and another senior official were arrested.
The case has arisen out of a wider criminal investigation into the responsibility of French, British and EU officials for the spread to France of new variant CJD - the human equivalent of BSE.
Buffalo Grill's lawyers have said there was 'a complete absence of material proof' that the chain had broken the ban, and that it imported most of its meat from South America.
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