Lewis took over as boss of Tesco after the false accounting incident took place The Director of the UK’s Serious Fraud Office (SFO), David Green, has warned companies against viewing deferred prosecution agreements (DPAs), which enable settlements to be reached without criminal prosecution, as the “new normal”. Last week, Tesco reached a DPA, including a £129m ($161m) fine, with the SFO. DPAs, which were introduced in the UK three years ago, have also been used in settlements with Standard Bank and Rolls-Royce. In an interview on BBC Radio 4’s The SFO is currently investigating major companies including Airbus, Barclays and GlaxoSmithKline.
The Director of the UK’s Serious Fraud Office (SFO), David Green, has warned companies against viewing deferred prosecution agreements (DPAs), which enable settlements to be reached without criminal prosecution, as the “new normal”. Last week, Tesco reached a DPA, including a £129m ($161m) fine, with the SFO. DPAs, which were introduced in the UK three years ago, have also been used in settlements with Standard Bank and Rolls-Royce. In an interview on BBC Radio 4’s The SFO is currently investigating major companies including Airbus, Barclays and GlaxoSmithKline.