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SFO Speeds Up Tesco’s Accounting Probe

Aarti Maharaj | October 7, 2015

The year-long Tesco accounting probe may soon come to an end as the Serious Fraud Office (SFO) has accelerated the investigation by focusing its time and resources on individuals wrapped up in its alleged accounting irregularities investigation, the Financial Times reported. The supermarket chain’s former chief executive Philip Clarke is one of the many former executives who are being probed in the criminal investigation.

Laurie McIlwee, the company’s former finance director was also interviewed by the SFO under Section 2 powers as a witness to the misconduct.

The SFO has not eliminated the possibility of a deferred prosecution agreement with Tesco. David Green, director, SFO previously...

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