SFO DPA with Tesco Stores Limited

It has been announced today that Tesco will pay a £129m fine and set up an £85m compensation fund for investors. The DPA will however need to be approved formally by the Court.

Reported variously as below:

http://www.bbc.co.uk/news/business-39419564

http://www.bbc.co.uk/news/business-39415681

http://www.telegraph.co.uk/business/2017/03/28/tesco-pays-129m-settle-serious-fraud-office-probe-accounting/

https://www.theguardian.com/business/2017/mar/27/tesco-and-serious-office-within-days-of-deal-over-accounting

http://www.standard.co.uk/business/tesco-boss-dave-lewis-serious-fraud-office-fine-draws-line-under-scandal-a3501006.html

Amanda Pinto QC advised the SFO in relation to the potential corporate prosecution.