Tesco will pay a £ £129m m ( 85 ) settlement in relation to investigations into the supermarket’s 29 August 2014 accounting scandal by the US ’s Financial Conduct Authority (FCA) and SFO (SFO). The company will pay £129m under a deferred prosecution agreement with the SFO , and separately agreed with the FCA to pay £ 85 m to compensate investors. The compensation agreement with the FCA involves paying out to investors who bought shares or bonds between 29 August and 19 September 2014. The supermarket chain will also pay legal costs. In 2014 , Tesco confirmed that it had overstated profits by £326m.
Tesco will pay a £ £129m m ( 85 ) settlement in relation to investigations into the supermarket’s 29 August 2014 accounting scandal by the US ’s Financial Conduct Authority (FCA) and SFO (SFO). The company will pay £129m under a deferred prosecution agreement with the SFO , and separately agreed with the FCA to pay £ 85 m to compensate investors. The supermarket chain will also pay legal costs. In 2014 , Tesco confirmed that it had overstated profits by £326m.