Tesco
executives could be quizzed by MPs after its "stratospheric" error
over profits, the chairman of the Parliamentary Business Committee, Adrian
Bailey, has told the BBC.
He
told Radio 5 live's Wake Up To Money it was "unbelievable" that the
retailer could get into "such a mess".
On
Monday, Tesco admitted that it had overstated its guidance for half-year
profits by £250m.
The
UK's accountancy watchdog says it is "monitoring the situation
closely".
However,
the Financial Reporting Council, said it would not act until Tesco's own
investigation was completed.
Too little, too late?
On
Tuesday, Tesco said that its new chief financial officer, Alan Stewart, would
be joining the company immediately, more than two months earlier than
originally planned.
He
replaced Laurie McIlwee, who resigned from Tesco in April but was not due to
leave the company officially until October.
On
Wednesday evening, Tesco admitted that
