‘It could still fall apart’: Freshfields client Tesco takes DPA after two year SFO investigation

Tesco has agreed to pay the Serious Fraud Office (SFO) £129m in fines relating to a 2014 profit misstatement, avoiding prosecution after a two-year investigation.

If approved by the Crown Court on 10 April 2017, Tesco will pay the £129m financial penalty in addition to the SFO’s full costs. As a Deferred Prosecution Agreement (DPA), Tesco does not admit any liability in relation to the scandal.

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