Britain’s biggest retailer Tesco has agreed to pay a $162 million fine plus compensation to settle an investigation over a 2014 accounting fraud that sparked the biggest crisis in the company’s near 100-year history.
Tesco (TSCDY, +0.14%), which has been rebuilding itself after the scandal and a price war that hammered the whole sector, said on Tuesday it would take a one-off charge of 235 million pounds ($295 million) in its 2016-17 results, due on April 12.
