07/10/2014

Fifth Tesco Executive Asked To 'Step Aside'

A fifth Tesco executive has been asked to step aside, while the supermarket continues to investigate an alleged £250 million profit forecast overstatement.

Kevin Grace, commercial director at Tesco has been asked to step aside, as part of the investigation, according to a report by the Financial Times.

The supermarket previously asked four other executives to step aside from the company while it investigates claims that reported profits of £250m had been overestimated.

(MH/CD)

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