Serious Fraud Squad to investigate Tesco.

[Bluemoon115]

Tesco have never defrauded me.

I'd rather any police available are used to go after people who allegedly deliberately covered up child abuse in Rotherham.

When we get criminal charges for that, then those police can turn their attention to Tesco's dodgy accounting.

What an utterly ridiculous post. What about traffic police? Should they be redeployed into investigating child abuse too?

Your post displays a child-like naivety about how scarce resourced are allocated across a sophisticated public body tasked with a wide and varied scope of aims and objectives. By the same logic all money spent on physiotherapy in the NHS should be spent on cancer palliative care instead, because the needs of the dying supersede everyone else.

The fact they've never defrauded you being the basis for this view suggests sociopathic tendencies imo.

The capitalistic system, most especially where it involves companies whose shares are traded publicly, is predicated on the basis that those buying shares have confidence that those companies' accounts are a true and fair representation of their financial position. Further, directors of those companies are placed in an overwhelming, fiduciary, position of trust with those shareholders' money, much of it acquired over the course of a hard working life. This is a role for which they are usually very well rewarded.

If directors of any company, especially one as prominent as Tesco, are found to be manipulating the accounts for their own ends, whatever those ends are, then the punishment needs to be significant. There's far too much at stake for any other outcome to be contemplated.

Some people seem pathologically incapable of seeing the bigger picture.

Nope.

Traffic wardens, PSO's, CSO's, everyone with a badge needs to get their arse to Rotherham.

Now, please...

 

[Mankymeat FC]

I agree that the story was newsworthy, but I cannot understand the media's pure glee at giving Tesco the boot at every opportunity, while US companies like Starbucks/Amazon etc... fiddle tax and get away with it? No media backlash at all?

Tesco is a British company that employs 300,000 people nationally. Not only boosting the economy but keeping farmers and suppliers going up and down the country. They are currently struggling due to German discounters with unscrupulous methods of low quality food and stores which run with a skeleton staff of low paid workers. If you have ever lived abroad, supermarkets are something we are really good at in Britain. Far better than any other European countries. I would hate to see us copy the German model and end up with shops where you buy value beans from a box on the floor, and have one person on the till for an entire supermarket!

Without sounding all UKIP, we should be supporting British institutions like Tesco and Sainsburys, not rubbing our hands when something goes awry. Someone told me once that one of those big Tesco extra stores employs summat like 300 people in the local area around the store. That's a lot of families providing for their kids. If Tesco goes down the pan, so does a huge amount of people along with it. We would all be worse off in the aftermath.

 

[rickmcfc]

I agree that the story was newsworthy, but I cannot understand the media's pure glee at giving Tesco the boot at every opportunity, while US companies like Starbucks/Amazon etc... fiddle tax and get away with it? No media backlash at all?

Tesco is a British company that employs 300,000 people nationally. Not only boosting the economy but keeping farmers and suppliers going up and down the country. They are currently struggling due to German discounters with unscrupulous methods of low quality food and stores which run with a skeleton staff of low paid workers. If you have ever lived abroad, supermarkets are something we are really good at in Britain. Far better than any other European countries. I would hate to see us copy the German model and end up with shops where you buy value beans from a box on the floor, and have one person on the till for an entire supermarket!

Without sounding all UKIP, we should be supporting British institutions like Tesco and Sainsburys, not rubbing our hands when something goes awry. Someone told me once that one of those big Tesco extra stores employs summat like 300 people in the local area around the store. That's a lot of families providing for their kids. If Tesco goes down the pan, so does a huge amount of people along with it. We would all be worse off in the aftermath.

So you work for Tesco right?

 

[MikeF]

I agree that the story was newsworthy, but I cannot understand the media's pure glee at giving Tesco the boot at every opportunity, while US companies like Starbucks/Amazon etc... fiddle tax and get away with it? No media backlash at all?

Tesco is a British company that employs 300,000 people nationally. Not only boosting the economy but keeping farmers and suppliers going up and down the country. They are currently struggling due to German discounters with unscrupulous methods of low quality food and stores which run with a skeleton staff of low paid workers. If you have ever lived abroad, supermarkets are something we are really good at in Britain. Far better than any other European countries. I would hate to see us copy the German model and end up with shops where you buy value beans from a box on the floor, and have one person on the till for an entire supermarket!

Who they demand for extend credit off just because they can

And not too dissimilar to how they run their stores now with the number of 'express' checkouts they have

Without sounding all UKIP, we should be supporting British institutions like Tesco and Sainsburys, not rubbing our hands when something goes awry. Someone told me once that one of those big Tesco extra stores employs summat like 300 people in the local area around the store. That's a lot of families providing for their kids. If Tesco goes down the pan, so does a huge amount of people along with it. We would all be worse off in the aftermath.

 

[unicorn]

Utter rubbish about German retailers - better quality meat and lower prices. I'd like to see a few more of their retailers give our complacent lot the boot.

 

[ColinBellsjockstrap]

every lidl helps...

Lol! Very good.

 

[ali benarbia's studs]

I try and not eat processed food....... dont buy there much (well as less as I can ) since the traces of horsemeat in their beef burgers. C*** of a brand......owners should be shot.

 

[dronefromsector7g]

I try and not eat processed food....... dont buy there much (well as less as I can ) since the traces of horsemeat in their beef burgers. C*** of a brand......owners should be shot.

So they can be used in the burgers?

 

[ali benarbia's studs]

I try and not eat processed food....... dont buy there much (well as less as I can ) since the traces of horsemeat in their beef burgers. C*** of a brand......owners should be shot.

So they can be used in the burgers?

the owners.......... they may read this site.

careful now ;)

 

[Uwe Rosler]

I agree that the story was newsworthy, but I cannot understand the media's pure glee at giving Tesco the boot at every opportunity, while US companies like Starbucks/Amazon etc... fiddle tax and get away with it? No media backlash at all?

Tesco is a British company that employs 300,000 people nationally. Not only boosting the economy but keeping farmers and suppliers going up and down the country. They are currently struggling due to German discounters with unscrupulous methods of low quality food and stores which run with a skeleton staff of low paid workers. If you have ever lived abroad, supermarkets are something we are really good at in Britain. Far better than any other European countries. I would hate to see us copy the German model and end up with shops where you buy value beans from a box on the floor, and have one person on the till for an entire supermarket!

Without sounding all UKIP, we should be supporting British institutions like Tesco and Sainsburys, not rubbing our hands when something goes awry. Someone told me once that one of those big Tesco extra stores employs summat like 300 people in the local area around the store. That's a lot of families providing for their kids. If Tesco goes down the pan, so does a huge amount of people along with it. We would all be worse off in the aftermath.

Would that be the same German Discount retailer that has recently been named Grocer of the year for a second year running, has won numerous great taste awards to name others as well as paying their staff one of the highest basic wages in retail?

 

[mat]

I agree that the story was newsworthy, but I cannot understand the media's pure glee at giving Tesco the boot at every opportunity, while US companies like Starbucks/Amazon etc... fiddle tax and get away with it? No media backlash at all?

Tesco is a British company that employs 300,000 people nationally. Not only boosting the economy but keeping farmers and suppliers going up and down the country. They are currently struggling due to German discounters with unscrupulous methods of low quality food and stores which run with a skeleton staff of low paid workers. If you have ever lived abroad, supermarkets are something we are really good at in Britain. Far better than any other European countries. I would hate to see us copy the German model and end up with shops where you buy value beans from a box on the floor, and have one person on the till for an entire supermarket!

Without sounding all UKIP, we should be supporting British institutions like Tesco and Sainsburys, not rubbing our hands when something goes awry. Someone told me once that one of those big Tesco extra stores employs summat like 300 people in the local area around the store. That's a lot of families providing for their kids. If Tesco goes down the pan, so does a huge amount of people along with it. We would all be worse off in the aftermath.

Would that be the same German Discount retailer that has recently been named Grocer of the year for a second year running, has won numerous great taste awards to name others as well as paying their staff one of the highest basic wages in retail?

The same German discount store that pays above the average wage of many of the areas in the country it has stores?

Tesco are the corporate version of a virus. For years they have infected local businesses, closing them down and replacing them with mini Tesco's. If any allegations are found to be true it will be karma in my eyes.

 

[Newman Noggs]

Just a minor point but the SFO is not connected to the police. It is made up of civilian investigators, lawyers and accountants sometimes supported by seconded police officers. With the strain on police budgets, however, the police are increasingly unwilling to release officers which should reassure some on here who wish to see scarce resource applied elsewhere.

 

[ali benarbia's studs]

just try a lidl tenderness......... yeah.

 

[BigOscar]

It's bizarre that anyone is defending them. If someone stole your car, robbed your house or took money from your wallet, you'd demand action be taken against them. Yet if a multi-million pound company steals millions through fraud, we should just let it go? Fuck that.

 

[Mankymeat FC]

I agree that the story was newsworthy, but I cannot understand the media's pure glee at giving Tesco the boot at every opportunity, while US companies like Starbucks/Amazon etc... fiddle tax and get away with it? No media backlash at all?

Tesco is a British company that employs 300,000 people nationally. Not only boosting the economy but keeping farmers and suppliers going up and down the country. They are currently struggling due to German discounters with unscrupulous methods of low quality food and stores which run with a skeleton staff of low paid workers. If you have ever lived abroad, supermarkets are something we are really good at in Britain. Far better than any other European countries. I would hate to see us copy the German model and end up with shops where you buy value beans from a box on the floor, and have one person on the till for an entire supermarket!

Without sounding all UKIP, we should be supporting British institutions like Tesco and Sainsburys, not rubbing our hands when something goes awry. Someone told me once that one of those big Tesco extra stores employs summat like 300 people in the local area around the store. That's a lot of families providing for their kids. If Tesco goes down the pan, so does a huge amount of people along with it. We would all be worse off in the aftermath.

Would that be the same German Discount retailer that has recently been named Grocer of the year for a second year running, has won numerous great taste awards to name others as well as paying their staff one of the highest basic wages in retail?

The same German discount store that pays above the average wage of many of the areas in the country it has stores?

Do your research before you start flapping your gums..

http://franklludwig.com/lidl.html

http://www.theguardian.com/business/2007/mar/14/businesscomment.supermarkets

http://www.dailymail.co.uk/news/art...details-employees-relationships-finances.html

http://www.lookbeforeyouleap.net/ALDI_Foods_Southgate_MI_Company_Review_By_Employees.htm

http://www.ciao.co.uk/Aldi_Shop__Review_5619916

 

[ali benarbia's studs]

It's bizarre that anyone is defending them. If someone stole your car, robbed your house or took money from your wallet, you'd demand action be taken against them. Yet if a multi-million pound company steals millions through fraud, we should just let it go? Fuck that.

Tell the scum fans............. bebe!

 

[Mankymeat FC]

It's bizarre that anyone is defending them. If someone stole your car, robbed your house or took money from your wallet, you'd demand action be taken against them. Yet if a multi-million pound company steals millions through fraud, we should just let it go? Fuck that.

They didn't steal a penny off anyone, you nicompoop. They over-forecasted their proposed revenue. Making them more appealing to investors. If people invested soley due to those figures, then there is a case to answer for, but how many suppliers or producers of goods would even consider taking their products out of Tesco, when they have 28% of the market share. This fact alone make the whole episode so ludicrous as to why the Tesco execs thought that they needed to over forecast in the first place? Nobody was wavering or walking away from doing business with them. Why would they, lidl and Aldi on the whole don't buy British products, they either make it themselves or import.

 

[Uwe Rosler]

Would that be the same German Discount retailer that has recently been named Grocer of the year for a second year running, has won numerous great taste awards to name others as well as paying their staff one of the highest basic wages in retail?

The same German discount store that pays above the average wage of many of the areas in the country it has stores?

Do your research before you start flapping your gums..

http://www.dailymail.co.uk/news/art...details-employees-relationships-finances.html - Daily Mail scare story - unsubstantiated claims, no mention of it allegedly happening in any UK stores.

http://www.lookbeforeyouleap.net/ALDI_Foods_Southgate_MI_Company_Review_By_Employees.htm They make it quite clear that they expect you to work hard. The problem stems from unsuitable people seeing the high basic hourly rate and not actually taking into account the required work ethic.

http://www.ciao.co.uk/Aldi_Shop__Review_5619916 - 6 Years Old

 

[BigOscar]

It's bizarre that anyone is defending them. If someone stole your car, robbed your house or took money from your wallet, you'd demand action be taken against them. Yet if a multi-million pound company steals millions through fraud, we should just let it go? Fuck that.

They didn't steal a penny off anyone, you nicompoop. They over-forecasted their proposed revenue. Making them more appealing to investors. If people invested soley due to those figures, then there is a case to answer for, but how many suppliers or producers of goods would even consider taking their products out of Tesco, when they have 28% of the market share. This fact alone make the whole episode so ludicrous as to why the Tesco execs thought that they needed to over forecast in the first place? Nobody was wavering or walking away from doing business with them. Why would they, lidl and Aldi on the whole don't buy British products, they either make it themselves or import.

They fraudulenty inflated their share price by overstating their profits (stealing) and to meet the performance criterea for bonuses that they didn't deserve (stealing). Anyone who artificially inflates share prices is stealing from their investors and they know they are. Don't think for a second that these people didn't sell the shares they had in the company before all this came out, leaving all the other investors with shares that then crashed when all this came out.I have no idea why you keep banging the "british" drum, as that has fuck all to do with this.

 

[Uwe Rosler]

It's bizarre that anyone is defending them. If someone stole your car, robbed your house or took money from your wallet, you'd demand action be taken against them. Yet if a multi-million pound company steals millions through fraud, we should just let it go? Fuck that.

They didn't steal a penny off anyone, you nicompoop. They over-forecasted their proposed revenue. Making them more appealing to investors. If people invested soley due to those figures, then there is a case to answer for, but how many suppliers or producers of goods would even consider taking their products out of Tesco, when they have 28% of the market share. This fact alone make the whole episode so ludicrous as to why the Tesco execs thought that they needed to over forecast in the first place? Nobody was wavering or walking away from doing business with them. Why would they, lidl and Aldi on the whole don't buy British products, they either make it themselves or import.

This isn't true either.