Tesco Dodges a Bullet Customers to Pay £220m for SFO Fraud Fine and Investors Compensation
Companies / Tesco Apr 05, 2017 - 06:40 AM GMTSo Tesco managed to dodge a bullet and avoid a criminal prosecution by agreeing to pay a fine of £129m as part of a Deferred Prosecution Agreement with the Serious Fraud Office for its 2014 false accounting scandal as well as to compensate investors by an estimated £90m (including interest) for those who bought Tesco shares on the basis of false accounting in 2014.
And for the prospects for Tesco's stock price watch:
Whilst this video in this series explained why the UK retail sector faces a perfect storm of rising prices, falling consumer disposable earnings and haemorrhaging customers to the discounters, that could even result in a Woolworth's moment...
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