Tesco Charging Decisions by U.K. Prosecutor Said to Be Imminent
- Prosecutor to announce outcome for individuals in September
- Tesco being probed after overstating profits by $352 million
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The U.K. Serious Fraud Office is planning to announce a decision on whether to file criminal charges against individuals involved in the Tesco Plc accounting scandal as soon as this month, according to two people with knowledge of the situation.
The SFO is looking to disclose any charges in the first half of September, the people said, who declined to be identified because the plans aren’t public. The move would mark the start of a much-anticipated conclusion to a two-year investigation that has plagued the retailer.