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 recent action has the Serious Fraud Office taken regarding Tesco?

How much did Tesco overstate its profits by?

What challenges is Tesco's new boss, Dave Lewis, facing?

What has been the reaction of Tesco investors like Warren Buffett?

What does Mr. Lewis say about restoring confidence in Tesco?