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Tesco fights to withhold accounting fraud documents in GBP800 million civil claim

By Annie Robertson ( November 5, 2019, 16:40 GMT | Insight) -- Tesco’s refusal to hand over documents in a civil lawsuit is an attempt to disguise “the extent of the wrongful practices” connected to its 2014 accounting scandal, a lawyer for its investors told a London court today. The UK supermarket's value fell by more than 2 billion pounds in September 2014 after it emerged that it had overstated its profits by 263 million pounds. Its investors are now seeking to recover 800 million pounds in damages.Tesco’s refusal to hand over documents in a civil lawsuit is an attempt to disguise “the extent of the wrongful practices” connected to its 2014 accounting scandal, a lawyer for its investors told a London court today....

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