Tesco

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    Article

    Muddled DPA outcome for Tesco accounting fraud scandal

    2019-01-25T13:00:00Z

    The U.K. Serious Fraud Office has released details of the deferred prosecution agreement it struck with Tesco—on the same day the supermarket chain’s former finance director accused of the accounting fraud was acquitted.

  • Article

    SFO targets Tesco executives in retrial

    2018-04-03T09:15:00Z

    Although British supermarket chain Tesco secured a DPA for its 2014 fraud offence, three of its executives still face a reckoning in court—with an uncertain outcome.

  • Blog post

    SFO to seek retrial of three former Tesco managers

    2018-03-06T11:00:00Z

    The U.K. Serious Fraud Office is seeking a retrial of three former senior managers of retail company Tesco, who are facing fraud and false accounting charges.

  • Blog post

    Tesco, the SFO, and the FCA come to terms

    2017-04-05T11:15:00Z

    Tesco Stores will pay a £129 million (U.S.$161.4M) fine over a 2014 misstatement of the retailer’s profits. The fine, part of a deferred prosecution agreement with the Serious Fraud Office, is a clarion call for all companies to strengthen their internal controls.

  • Blog post

    SFO brings charges in Tesco accounting scandal

    2016-09-13T15:45:00Z

    Tom Fox examines the Serious Fraud Office’s recent indictments against three individuals from the October 2014 Tesco scandal in which the British grocery chain overstated earnings by fraudulently accounting certain revenues received back from suppliers.

  • Blog post

    SFO Speeds Up Tesco’s Accounting Probe

    2015-10-07T11:45:00Z

    The Serious Fraud Office has accelerated its probe into the accounting irregularities at Tesco, hoping to resolve the criminal investigation by year-end. The supermarket chain’s former chief executive Philip Clarke is one of many former Tesco executives being scrutinized by the agency in its investigation; Laurie McIlwee, former finance ...