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Court: Southwark Crown Court

Tesco deferred prosecution agreement in interests of justice

Serious Fraud Office v Tesco Stores Ltd

The Court validated a proposal for a deferred prosecution agreement in relation to the investigation by the SFO into the conduct of Tesco Stores regarding the misstatement of its results. The Court was satisfied that the disposal of the investigation by means of a DPA (in which Tesco accepted responsibility for false accounting practices) is in the interests of justice and that its terms are fair, reasonable and proportionate.