Business

Tesco suspends execs over inflated profit report

By Danica Kirka
Published September 22, 2014 5:29pm ET
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Tesco suspends execs over inflated profit report
Pedestrians pass a Tesco shop in London, Monday, Sept. 22, 2014. Tesco, Britain's largest retailer by revenue, has suspended four executives and launched an accounting investigation after admitting that its half-year profit was overstated by 250 million pounds ($407 million). (AP Photo/Kirsty Wigglesworth) | Kirsty Wigglesworth

LONDON (AP) — Tesco, the world’s second-largest supermarket chain after Walmart, has suspended four executives and launched an accounting investigation after admitting that its half-year profit was overstated by 250 million pounds ($407 million).

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