Tesco has confirmed it has taken delivery of a new private jet worth £30m, a week after major errors were discovered in the companys accounts. The new Gulfstream aircraft brings to five the number of private jets owned by Tesco - all of which are to be sold under the orders of the new chief executive, Dave Lewis. Tesco paid for the jet 20 months ago and is required to take delivery. The supermarkets share price has plunged by nearly 50% so far this year. News of the private jet comes a fortnight after it emerged that Tesco had overstated its profits for the first half of the year by £250m. That prompted an independent inquiry and the suspension of a number of key employees, including the UK managing director.
Posted on: Sun, 05 Oct 2014 06:38:11 +0000
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