The U.K. Serious Fraud Office announced Friday that British supermarket chain Tesco Stores has fulfilled the terms of its 2017 deferred prosecution agreement resulting from an accounting fraud scandal.
In September 2014, Tesco announced it had overstated its profits by £250 million (U.S. $329 million). Following a two-year investigation that concluded in April 2017, Tesco paid a £129 million penalty (U.S. $170 million) and a further £3 million (U.S. $4 million) for the SFO’s investigation costs.
