FIRST AIRED: March 28, 2017

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00:00:00
>> Three years after the accounting scandal that rocked Britain's biggest retailer, Tesco hit with a total bill of 240 million pounds to settle several investigations. That includes a 129 million pound fine and compensation earmarked for investors, the first market abuse payout of its kind. It's part of a so-called deferred prosecution agreement with Britain's Serious Fraud office, a necessary step followed to escape criminal conviction.
00:00:31
Tesco announced a 263 million pound black hole in its balance sheets back in September 2014. The news caused company shares to plunge, the biggest crisis in its 100-year history, and a sector-wide price war. Since then, the supermarket giant has been rebuilding itself, CEO Dave Lewis transforming its relationship with suppliers and simplifying the business.
00:00:55
But he's not quite in the clear. The new agreement needs approval from the courts. And TESCO still faces a claim by institutional investors of over 100 million pounds.