- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Tesco Stores will pay a £129 million (U.S.$161.4M) fine over a 2014 misstatement of the retailer’s profits. The fine, part of a deferred prosecution agreement with the Serious Fraud Office, is a clarion call for all companies to strengthen their internal controls.
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Although British supermarket chain Tesco secured a DPA for its 2014 fraud offence, three of its executives still face a reckoning in court—with an uncertain outcome.
Vince McMahon, the founder and former CEO of WWE, was fined $400,000 and ordered to reimburse the wrestling giant more than $1.3 million to settle charges brought by the Securities and Exchange Commission that he failed to disclose hush money payments he made on behalf of himself and the company.
Portuguese bank Novo Banco, S.A., fired Chief Risk Officer Carlos Jorge Ferreira Brandão “with just cause” after an internal probe discovered “suspicious financial transactions” in his sphere.
