On Friday Britain’s Serious Fraud Office slapped fraud charges on three former executives of supermarket giant Tesco in relation to an accounting scandal that rocked the global retail industry in 2014.
At the heart of the scandal was the misuse of rebates financial incentives provided by suppliers to retailers. An insider blew the whistle on how the supermarket chain was overstating prof…
Read the full article at: http://www.afr.com/business/retail/light-must-be-shone-into-retail-rebates-minefield-20160911-grdniv