Tesco in Plea Bargain Talks; PAGE 38 DAILY RECORD Wednesday, October 7, 2015 MORE AT DAILYRECORD.CO.UK CITYDESK for Mortgage Advice You Can't Afford to Miss, Follow Money Doctor Fergus Muirhead's Series of Special Reports at WWW.Dailyrecord.Co.Uk/all-About/mortgage-Advice ..AS COMPANY SPEED UP SUPPLIERS' PAY

Daily Record (Glasgow, Scotland), October 7, 2015 | Go to article overview

Tesco in Plea Bargain Talks; PAGE 38 DAILY RECORD Wednesday, October 7, 2015 MORE AT DAILYRECORD.CO.UK CITYDESK for Mortgage Advice You Can't Afford to Miss, Follow Money Doctor Fergus Muirhead's Series of Special Reports at WWW.Dailyrecord.Co.Uk/all-About/mortgage-Advice ..AS COMPANY SPEED UP SUPPLIERS' PAY


TESCO have held talks with the Serious Fraud Office about settling a criminal probe into the supermarket giants' account scandal.

Reports say the company have had early stage discussions about the possibility of signing a plea bargain known as a deferred prosecution agreement.

Under the deal, Tesco would admit wrongdoing in exchange for avoiding a criminal sanction, according to Sky News.

The Serious Fraud Office launched a probe after a PS263million hole in their profits was exposed, later revised up to PS326million.

Tesco blamed accounting practices in the way they booked supplier payments.

Tesco and the SFO both declined to comment.

It came as Tesco launched a bid to tackle claims of "bullying" suppliers.

The supermarket announced plans to speed up payments as part of an overhaul of their systems.

Smaller suppliers, those delivering up to PS100,000 worth of products a year, will be paid within 14 days. …

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Tesco in Plea Bargain Talks; PAGE 38 DAILY RECORD Wednesday, October 7, 2015 MORE AT DAILYRECORD.CO.UK CITYDESK for Mortgage Advice You Can't Afford to Miss, Follow Money Doctor Fergus Muirhead's Series of Special Reports at WWW.Dailyrecord.Co.Uk/all-About/mortgage-Advice ..AS COMPANY SPEED UP SUPPLIERS' PAY
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