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Tesco Fined GBP129m Over Inflating Profit Figures

  • Sky News, Tuesday, March 28, 2017 8:50 AM
The Tesco accounting fiasco has come back to haunt the supermarket giant this morning as it faces up to a GBP129m fine from the Serious Fraud Office for overstating profits, Sky News reports. The company had included payments it had yet to receive to post artificially inflated good figures. Including the "hit" it is taking on the inflated figures, the episode has cost Tesco GBP235m

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