Tesco will pay a £ 235 m ( $ 295 ##m ) settlement in relation to investigations into the supermarket ’s The settlements relate to Tesco admitting in 2014 that it had overstated profits by £326m. 2014 accounting practices by the UK ’s Financial Conduct Authority ( FCA ) and Serious Fraud Office ( SFO ) . The supermarket will pay £ 129 m under a deferred prosecution agreement with the SFO , and separately agreed with the FCA to pay £ 85 m to compensate investors . The supermarket ##s will also pay legal costs . In 2014 , Tesco confirmed that it had overstated profits by £ 326 m .
Tesco will pay a £ 235 m ( $ 295 ##m ) settlement in relation to investigations into the supermarket ’s 2014 accounting practices by the UK ’s Financial Conduct Authority ( FCA ) and Serious Fraud Office ( SFO ) . The supermarket will pay £ 129 m under a deferred prosecution agreement with the SFO , and separately agreed with the FCA to pay £ 85 m to compensate investors . The supermarket ##s will also pay legal costs . In 2014 , Tesco confirmed that it had overstated profits by £ 326 m .