// The former Tesco exec Kevin Grace who was sacked in 2014 over the accounting crisis has joined Boparan Private Office as MD
// City sources said he joined the company controlled by Ranjit Boparan in the last few days
Grace has re-emerged and joined Boparan Private Office as managing director of manufacturing operations across brands such as Bernard Matthews, the prominent turkey producer.
City sources said he joined the company, which is controlled by Ranjit Boparan, in the last few days.
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His arrival comes as executives across industries battle the effects of rising inflation, with numerous warnings in recent weeks about the impact on prices for shoppers in the UK.
Mr Grace was among a group of Tesco executives who lost their jobs when the company reported a huge black hole in its finances back in 2014, sparking a Serious Fraud Office (SFO) inquiry.
Although Tesco paid £129m to settle with the SFO in 2017, two of the supermarket’s former bosses who were charged by the agency were acquitted the following year.
While Mr Grace was not among the executives pursued by the SFO, iin 2017,he sued the retailer for wrongful dismissal, claiming he was owed a reported £600,000 while defending his innocence in the scandal, which saw Tesco’s accounts exaggerated by £326 million and cost investors millions of pounds.
Tesco is among the customers supplied by Boparan-owned brands such as Bernard Matthews and Banham Poultry.