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Thursday, August 14, 2008

Tesco dragged into Turkish bribery case

"Tesco dragged into Turkish bribery case

By Alex Barker in Ankara and Tom Braithwaite in London

Published: August 14 2008 23:33 | Last updated: August 14 2008 23:33

Tesco has become embroiled in a Turkish political scandal after the development of its largest store in the country was caught up in bribery allegations.

An entrepreneur, whom the UK retailer paid $13m for a prime site near Istanbul, is accused of bribing a leading politician of the governing AKP party with $1m to push through an ambitious planning application."

More:FT.com / Companies / Retailing & leisure - Tesco dragged into Turkish bribery case