CHESTNUT, HERTFORDSHIRE - William Linnane, Head of Buying for Impulse Purchases, is the latest executive to leave Tesco as the grocery retailer continues to be investigated by Britiain’s Serious Fraud Office. The company continues to be probed for overstating its profits by more than $400 million in September.

He will be the sixth executive of a group of Tesco senior management members who were suspended after the retailer acknowledged its profits were inflated, according to Business Insider. We have reported on Linnane’s prior suspension in a previous story.

In January, Moody's and Standard & Poor's downgraded Tesco's credit rating to junk. The scandal lowered Tesco's market value by billions, and the stock is at a 12-year low.

Last week, the Head of Tesco's Convenience Division, Sean McCurley, left the company, even though he had returned from suspension only at the beginning of February, according to Sky News.

Earlier this month, Sky News reported that John Scouler, Food Commercial Director, was leaving Tesco to join TalkTalk, while Kevin Grace, Tesco's Group Commercial Director, and Carl Rogberg, the UK Finance Director, will also leave the controversial company.

Last month, Tesco named John Allan, the former chairman of Dixons Retail, as its next chairman. According to Sky News, Allan will have to contend with a criminal investigation into the supplier payments by the Serious Fraud Office, while the Groceries Code Adjudicator and the Financial Reporting Council are undertaking separate inquiries. He will also be in charge of helping Dave Lewis, Tesco’s New Chief Executive, navigate a tough climate for big food retailers.

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