BP2: Tesco Employee Charged With Fraud Over Accounting Scandal

Three former Tesco executives have been charged with fraud in connection with an accounting scandal two years ago. According to the article, the wrongdoing took place between February and September 2014, after the new  employer Dave Lewis joined the company as chief executive, that it had identified accounting irregularities. The three former employers face charges of fraud by abuse of position and false accounting which overstated the company profit by an estimated 250 million pounds which is about 420 million.

In this article, it was heavily related to integrity among the three former employee. The employees was seeking a way to achieve their own wealth by doing the wrong things. According to McFall are tempted with money which our self interest for something. The employer are tempted for the money./wealth which make themselves not integrity. As for Calhoum studies, integrity is related to social virtues. Social virtues consist in having the proper relation to others.One of the elements in social virtues is honesty. If a person do not perform the honesty in their job, it means a person have not integrity. The former three employee had not establish their integrity on their work duties. They had fraud the account by not reporting the correct information which had make Tesco company facing big problem.

Source: http://www.nytimes.com/2016/09/10/business/international/tesco-britain-fraud-accounting.html?ribbon-ad-idx=16&rref=business/international&module=Ribbon&version=context&region=Header&action=click&contentCollection=International%20Business&pgtype=article

 

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