An investigation into Tesco’s £250 million accounting crisis has prompted the suspension of a further three executives, stoking concern about disruption to its preparations for the crucial Christmas shopping season.
Tesco has sent home Dan Jago, its category director for beers, wines and spirits; Sean McCurley, who is responsible for convenience food; and William Linnane, who looks after impulse purchases such as confectionery.
This brings the number of people suspended to eight since a whistleblower raised concerns about book-keeping irregularities three weeks ago. Deloitte, the accountants, and Freshfields, the law firm, are conducting an inquiry on behalf of the supermarket chain while the Financial Conduct Authority undertakes a parallel investigation.
Tesco’s shares, which have fallen by 21 per cent since the problems came to light,