The FCA is investigating Tesco following the supermarket’s revelation that it overstated its half-year profit forecast by £250m.
Tesco has already launched its own investigation into the issue, with an independent review being carried out by Deloitte.
Tesco revealed it had overstated its profit forecast by £250m in a trading update last week. The company has suspended four top executives while it carries out its investigation.
In a statement today, Tesco says: “Tesco will continue to co-operate fully with the FCA and other relevant authorities considering this matter.”
The FCA declined to comment.