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Britain's biggest retailer is taking legal action after mistakenly paying almost £1 million for six bicycles which should have cost less than £1,000, sources said.
Tesco is seeking restitution of the overpaid monies following the error by its finance team.
The supermarket chain should have paid Universal Cycles, a subsidiary of Sports Direct which is controlled by Newcastle United owner Mike Ashley, £984 for six Muddy Fox Suspension Bikes but paid £984,000 instead.
Universal, an Essex-based company majority-owned by Sports Direct, has paid back £863,000 but Tesco claims it is holding on to more than £121,000 in outstanding funds, sources said.
It has launched legal action at the High Court to recover the remaining money, legal costs and a further £1,783 - the sum the retailer claims it is owed in interest at 8% a year.
The error was made on August 13 and Universal was asked to repay it 15 days later. Universal then repaid some of the funds on September 29, but £121,412 is outstanding, sources said.
It is understood a meeting will be held between the two parties in a bid to resolve the dispute out of court.
A Tesco spokesman declined to comment on the ongoing case.
Mr Tambourine Man Baiting Guru
Joined: 06 Jun 2008
Location: Magic swirlin' ship
Thu Nov 26, 2009 10:38 am
Tesco claims it is holding on to more than £121,000
Every little helps!
3 dead websites
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you dont have a phone.that makes makes you joe butt. Fuck you and go find something to do man. Stop disturbing me please.
This is definitely why you will remain and die in poverty, ignorant of good things and easy acknowledgment of bad things and words. Shame on you, you wicked generation children.
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N N N Master of Master Baiters
Joined: 26 Sep 2008
Thu Nov 26, 2009 12:56 pm
Sounds like one of those accountants that vetted MP's expenses has found himself a nice new job ....
You will rot in jail.watch your back- any shadow could be mine ! YOU ARE VERY EASY TO TRACK IN YOU NEIGHBOURHOOD ! DRUNKARD AND A SCUMBAG LIKE YOU!
mike lawrence (cheque scammer)
Go fuck your dead parents asshole!!!How can a deaf fool make clean money..The money that you have will never be spent on anything reasonable.
So fuck off..dont reply me again until the cops get your stinking ass...
Lyord Melson- cheque scammer
$4.002million and £214K in fake cheques taken out of circulation. (updated May 2009)
Vampiremerchant Baiting Guru
Joined: 01 Nov 2009
Thu Nov 26, 2009 10:30 pm
mistakenly paying almost £1 million for six bicycles
Now if it was a mistake whoever in Tesco authorised it must be crapping themselves (wonder where the buck will stop !)
nope please do not worry abt me any more i quit - Barr Jimmy Tan
HAVE YOU EVER TASTED HELL.YOU HAVE A DISEASE AND YOU REFUSE TO CURE IT.THAT IS FREE VISA TO HELL.YOU JUST LIED AND DECEIVE, I HAVE REPORTED YOU TO FBI AND JAY LENO SHOW - Fred W1lly
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