Tesco avoids prosecution for 2014 false accounting with fine

Tesco false accounting

Tesco has reached an agreement with the Serious Fraud Office (SFO) which, if approved by the court, will allow it to pay a fine for its false accounting in 2014 rather than face prosecution. Separately it has agreed with the Financial Conduct Agreement (FCA) that it will pay compensation to investors for market abuse when it presented misleading trading statements in August 2014.… Read the rest