The DPA was announced by Tesco and the SFO last month, pending approval by the high court. The DPA relates to allegations of false accounting between February and September 2014 against Tesco Stores Limited, a subsidiary of the retailer. Tesco admitted in 2014 that it had overstated profits by £326m, sparking a crisis at the company. The ruling means that Tesco will pay out £235m to settle investigations into the 2014 accounting scandal. The SFO said it would not comment on the Tesco DPA until reporting restrictions were lifted.

Source: The Guardian April 10, 2017 18:18 UTC