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Wednesday, October 01, 2014

FCA To Investigate Tesco

Unsurprisingly Tesco is to be investigated by the Financial Conduct Authority (FCA) over the £250M profit shortfall in its accounts.

Additionally, the Serious Fraud Office has said it is also prepared to intervene if necessary.

Tesco is quoted by the Telegraph:
"Tesco will continue to co-operate fully with the FCA and other relevant authorities considering this matter."

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