Tesco Probe Said to Move Quickly, Suggesting Possible SFO Deal
This article is for subscribers only.
Prosecutors are pushing ahead with their probe of Tesco Plc’s accounting faster than expected, suggesting that the company may be in line to take advantage of new settlement procedures.
The Serious Fraud Office is planning to complete interviews with Tesco employees and other witnesses by the end of July, only nine months after starting the investigation, said two people with knowledge of the situation, who asked not to be identified because the case is private. The agency typically takes four to six years to complete a case.