Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

UK's Serious Fraud Office: Tesco Investigation

Date 29/10/2014

The SFO confirmed today that the Director has opened a criminal investigation into accounting practices at Tesco plc.

Background:

  1. As our investigation is underway we cannot provide further details at this time.
  2. The Serious Fraud Office is an independent government department responsible for investigating and prosecuting serious and complex fraud and corruption. It is headed by the Director, David Green QC, who exercises powers under the superintendence of the Attorney General. These powers are derived from the Criminal Justice Act 1987.