Comment: Serious Fraud Office Tesco probe

Comment: Serious Fraud Office Tesco probe
 

THE crisis deepens at Tesco, with Britain's biggest but troubled supermarket group now put under criminal investigation by the Serious Fraud Office.
The separate investigation by the Financial Conduct Authority into the £263 million accounting scandal at the company has been shelved in the light of the SFO’s entrance, but edges the probe by definition into the realms of potentially fraudulent ­territory rather than just possibly lack of judgment or incompetence.
For the SFO to get involved, there have to be reasonable grounds to believe that conduct might involve serious or complex fraud or... read more

 
30 October 2014 in Business, Views: 31
Source: Scotsman
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