Tesco handed $268 million penalties on false accounting

Supermarket Tesco has agreed to a fine and compensation costs totalling £214 million ($268 million, 247 million euros) after an accounting scandal at Britain''s biggest retailer, the Serious Fraud Office said Tuesday. Under a SFO deal that draws a line under the scandal stretching back three years, Tesco will not face prosecution. However, charges have previously been brought against three former Tesco executives, who will face trial over alleged fraud and false accounting.