SFO's Deferred Prosecution with Tesco concluded
17/04/2020
On 10 April 2020, the Serious Fraud Office confirmed that Tesco Stores Ltd (Tesco) had fulfilled the terms of its Deferred Prosecution Agreement (DPA) and served a Notice of Discontinuance on the Court, bringing an end to the SFO's case.
The SFO confirmed it had reached a DPA in principle with Tesco on 28 March 2017, before entering into the DPA on 10 April 2017. The terms of the DPA ran for three years, from 10 April 2017 to 10 April 2020. The terms included Tesco agreeing to pay a £129m fine and £3m investigation costs, as well as implementing an ongoing compliance programme.
This is the third DPA to have concluded with its terms fulfilled, after Standard Bank PLC and Sarclad Ltd. The remaining four of the SFO's seven DPAs (Rolls-Royce PLC, Serco Geografix Ltd, Güralp Systems Ltd, and Airbus SE) are currently open.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.