Tesco logs £ 40 million annual net loss on accounting scandal
The after-tax loss, equivalent to $50 million or 47 million euros, was skewed by a £235-million hit in costs arising from the three-year-old scandal.
Apr 12, 2017, 14:54 PM ISTTesco to pay $162 million to settle false accounting charges
Britain`s biggest retailer Tesco has agreed to pay a $162 million fine plus compensation to settle an investigation over a 2014 accounting fraud that sparked the biggest crisis in the company`s near 100-year history.
Mar 28, 2017, 13:01 PM IST