Tesco value plummets as four senior managers suspended over £250m profit inflation allegation
Britain’s largest supermarket chain Tesco saw its shares’ value plummet yesterday after four of its senior managers were suspended as suspicion around the massaging of profit figures emerged.
The over-statement has been estimated at a staggering £250 million.
The group’s chief executive Dave Lewis, who had been informed of the fudged accounts last Friday through a whistleblower, said he expected the company to “operate with integrity and transparency.”
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