Tesco has agreed in principle to pay a financial penalty of nearly £129m plus costs as part of a potential deferred prosecution agreement (DPA), the Serious Fraud Office (SFO) has confirmed. A hearing will take place on 10 April before Sir Brian Leveson QC, to decide whether the DPA is to be approved. The announcement follows an SFO investigation into allegations of false accounting by Tesco Stores to inflate profits by £263m. The DPA does not address whether liability of any sort attaches to Tesco, or to the company’s employees, agents and branches.
30 March 2017
Tesco DPA
MOVERS & SHAKERS
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Leasehold enfranchisement specialist joins residential property team
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Firm strengthens commercial team in Manchester with partner appointment
NEWS
The government will aim to pass legislation banning leasehold for new flats and capping ground rent, introducing non-compulsory digital ID and creating a ‘duty of candour’ for public servants (also known as the Hillsborough law) in the next Parliament
An Italian financier has lost his bid to block his Australian wife from filing divorce papers in England on the basis it was no longer her domicile of choice
Reforms to the disclosure regime in the business and property courts have not achieved their objectives, lawyers have warned
The Law Society has urged ministers to hold a public consultation on the use of artificial intelligence (AI) in the justice system as a whole
Ministers have proposed bringing inquest work under a single fee scheme for legal help and advocacy legal aid work
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