LONDON: Britain's financial watchdog has launched a full investigation into the Tesco accounting scandal that has now wiped 4 billion pounds ($4.9 billion) from the troubled grocer's stock market value.
Tesco, Britain's biggest grocer and the world's third-largest retailer, announced on Sept. 22 that it had overstated first-half profit by 250 million pounds - effectively its third profit warning in two months. .
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