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Dec 6, 2018 · To compound matters, the scandal contributed to Tesco’s £6.4 billion loss in 2015, one of the largest in corporate history. In 2017, Tesco reached an agreement with authorities over the scandal that saw it pay £85 million in compensation payouts to investors and £129 million in fines and costs.
Jan 23, 2019 · News of Tesco’s accounting scandal sent shockwaves through the City in 2014 and raised serious questions over how a FTSE 100 firm could get away with “cooking the books”.
Jan 19, 2015 · The early accounting of profits appears to be at the heart of the Serious Fraud Office investigation into Tesco's £263m mis-statement of its forecasted profits which it revealed last autumn.
Dec 6, 2018 · A high profile trial brought by the Serious Fraud Office against two former Tesco executives over a £250m accounting scandal dramatically collapsed on Thursday after the two men were acquitted.
Tesco’s corrected statement revealing a £250m hole in its accounts caused the retailer’s share price to fall by 12 per cent wiping £2bn off its share price, the court heard.
Oct 4, 2021 · Tesco is close to settling the final meaningful legal action from shareholders over the 2014 accounting crisis that brought Britain's biggest retailer to the brink of financial disaster.
Jan 23, 2019 · A former Tesco executive was acquitted by a UK criminal court on Wednesday over a £250m accounting scandal at the grocer, bringing an end to one of the highest-profile criminal prosecutions...
