Tesco faces £100m fine in plea deal

New Straits Times - - Business -

LON­DON: Tesco is in ad­vanced talks with the Se­ri­ous Fraud Of­fice (SFO) over a plea deal that would in­volve it pay­ing a large fine over its 2014 profit over­state­ment, said Sky news on Satur­day. Lawyers act­ing for Tesco were clos­ing in on a de­ferred pros­e­cu­tion agree­ment fol­low­ing dis­cus­sions with the SFO, said Sky, adding that a deal could be struck within weeks, although there was no cer­tainty a fi­nal agree­ment would be reached. The amount of any fine would be well over £100 mil­lion (RM553 mil­lion), it added.

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