By Jennifer Faull

Another three Tesco executives have departed following the £250m profits overstatement, joining the five that have already been asked to leave.

In a statement, the retailer said: “We have asked three employees to step aside to facilitate the investigation into the potential overstatement of profits in UK food.

“We will provide an update on the investigation with our interim results on 23 October.”

Four executives were suspended on 22 September following the news in August that profits had been overstated to the tune of £250m.

UK managing director Chris Bush, commercial director Kevin Grace, UK finance director Carl Rogberg, food commercial director Read full story ›

Source: The Drum