Tesco to pay £129m fine over accounting scandal

Supermarket reaches deferred prosecution agreement with Serious Fraud Office and will pay investors £85m in compensation

Tesco is to pay out £235m to settle investigations by the Serious Fraud Office and Financial Conduct Authority into the 2014 accounting scandal that rocked Britain’s biggest retailer.

It will pay a fine of £129m as part of a deferred prosecution agreement (DPA) with the SFO, although this deal requires court approval. The DPA relates to Tesco subsidiary Tesco Stores Ltd.

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