Tesco Under Criminal Investigation

Tesco is under investigation by the Serious Fraud Office for overstating profits by over £250 million. This has led to the suspension of eight senior executives and a significant decline in share value, with investors like Warren Buffett selling shares. New CEO Dave Lewis faces challenges in restoring confidence and managing the company during a critical trading period. Despite the investigation, Tesco aims to maintain transparency and regain consumer trust, emphasizing the importance of focusing on their strengths to avoid further setbacks.

What prompted the Serious Fraud Office to investigate Tesco?

• The resignation of the former chief executive

• An overstatement of profits by more than £250 million

• A merger with a discount rival

• A decline in Tesco's market share

Which major investor has been selling their shares in Tesco?

• Jeff Bezos

• Warren Buffett

• Elon Musk

• Bill Gates

What event coincided with the acceleration of Tesco's share price decline?

• A successful marketing campaign

• The resignation of Philip Clarke

• An increase in consumer confidence

• The launch of a new product line

What is Dave Lewis's approach to handling the investigation?

• Denying all allegations

• Ensuring complete transparency

• Blaming former executives

• Ignoring the issue

What must Tesco focus on to avoid further decline?

• Cutting down on staff

• Believing in their consumers

• Increasing product prices

• Expanding into new markets