By John Glenday

Embattled supermarket chain Tesco has suspended four senior executives, thought to include UK managing director Chris Bush, after appointing accountancy firm Deloitte to investigate a ‘serious issue’ which led to the retailer overstating its half-yearly profits by £250m.

Whilst Tesco will not publically comment on the individuals involved it is believed that Robin Terrell, Tesco’s head of online operations, is being lined up to perform Bush’s duties on a temporary basis.

Tesco had previously suggested that it would enjoy a half-year profit of £1.1bn but this was subsequently substantially marked down, prompting moves to get to the bottom of the discrepancy.

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Source: The Drum