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Tesco to pay 129 million stg to settle false accounting charges

Tesco to pay 129 million stg to settle false accounting charges

Tuesday, March 28, 2017, 1:27 PM

Tesco has agreed to pay a 129 million pound ($162 million) fine to settle an investigation by prosecutors over a 2014 accounting fraud, it said on Tuesday. The supermarket group has struck a deferred prosecution agreement (DPA) after months of talks with the Serious Fraud Office (SFO). It will also open a compensation scheme to some investors who bought shares at the time.
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