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.
