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UK: Tesco faces third investigation over alleged supplier mistreatment

 |  February 5, 2015

Tesco is facing yet another investigation amid concerns that it has mistreated suppliers.

Groceries Code Adjudicator Christine Tacon said on Thursday that she had “reasonable suspicion” that the Groceries Supply Code of Practice had been breached. The GCA will be looking into the supermarket’s profits and delays in payments to suppliers in a probe that is expected to take up to nine months.

Tesco is already being investigated by the Serious Fraud Office and the Financial Reporting Council in the aftermath of its $300 million profit misstatement.


Full Content: The Guardian


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