don’t they have a check and limit on their outgoing BACS payment tape? :you_crazy I work as a finance / technology manager and normally all payments have to be cleared via the directors, would have thought Tesco’s would be the last to be caught out this way.. :laugh_at:
Supermarkets are known for buying the cheapest bikes they can get their hands on – often at the expense of comfort and reliability – and them selling them on in bulk for a tidy profit.
But not British retail giant Tesco – according to legal papers filed at the High Court in London, the company shelled out £984,000 for just six Muddy Fox mountain bikes in August.
Since the accounting error was discovered – the full-suspension bikes should have cost just £984 – the company has done its best to reclaim the money from Essex-based Universal Cycles, according to a report in the Daily Telegraph.
World’s Most Expensive Supermarket Bikes – BikeRadar
