Search Results for: tesco
Tesco Bank fined £16.4m
October 3rd, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has fined Tesco Personal Finance plc (Tesco Bank) £16,400,000 for failing to exercise due skill, care and diligence in protecting its ...
Former Tesco executives set to appear in court on fraud charges
September 4th, 2017
Three former Tesco executives will appear in court, charged with fraud relating to the supermarket’s 2014 accounting scandal. The three men were charged by the Serious Fraud Office (SFO) last September, and pleaded not guilty to the charges at ...
Accounting watchdog announces the closure of its investigation into PwC as auditors of Tesco
June 6th, 2017
The Financial Reporting Council (‘FRC’) announces the closure of its investigation into the conduct of PricewaterhouseCoopers LLP (‘PwC LLP’) and certain Members of the Institute of Chartered Accountants in England and Wales in their capacity as auditors of Tesco ...
Court day for the Tesco bosses in £326m accounting scandal
May 30th, 2017
Three former Tesco executives are set to appear in court in relation to its £326million accounting scandal. Carl Rogberg, 49, Chris Bush, 50, and John Scouler, 48, have been charged with fraud by abuse of position and false accounting. ...
High court approves £129m fine for Tesco over accounting scandal
April 11th, 2017
The high court has approved a settlement between Tesco and the Serious Fraud Office that involves Britain’s biggest retailer paying a £129m fine over an accounting scandal. Sir Brian Leveson approved the so-called deferred prosecution agreement (DPA) at a ...
Tesco to pay redress for market abuse
March 28th, 2017
The Financial Conduct Authority (FCA) today announces that Tesco plc and Tesco Stores Limited (Tesco) have agreed that they committed market abuse in relation to a trading update published on 29 August 2014, which gave a false or misleading ...
Tesco and Serious Fraud Office near to deal over accounting scandal
March 28th, 2017
The Serious Fraud Office and Tesco are within days of announcing a settlement that could mean Britain’s biggest supermarket chain will pay a multimillion-pound fine over an accounting scandal. Under the deferred prosecution agreement (DPA), Tesco would pay a ...
Tesco faces fresh legal challenge over accounting scandal
January 25th, 2017
Supermarket chain Tesco is facing a fresh lawsuit for damages from investors over its 2014 accounting irregularities scandal. The legal action is being pursued by Manning & Napier, with the Financial Times newspaper reporting that the US investment house ...
SFO will not charge former Tesco boss over accounting scandal
November 29th, 2016
Tesco’s former chief executive Philip Clarke will not face charges in relation to an accounting scandal at the supermarket chain, it has been confirmed. Clarke’s lawyer, David Corker, said on Monday that he had received a letter from the ...
Tesco Bank refunded all customer accounts affected by cyber fraud; resume service
November 9th, 2016
Following the cyber theft and temporary suspension of online transactions from current accounts that affected around 9.000 customers, Tesco Bank has issued an update to inform that full service has resumed for its customers. According the statement of Benny ...
