Dan Jago was initially suspended by Tesco in October - he returns on 9 March

Dan Jago was initially suspended by Tesco in October - he returns on 9 March

UK retailer Tesco has reinstated its suspended director of wine, spirits and beer, Dan Jago, just-drinks can reveal.

The company, which has been under investigation by the UK's Financial Conduct Authority, suspended Jago, along with several other executives, in October. The investigation - and subsequent suspensions - were sparked by Tesco's discovery of a GBP263m (US$421m) shortfall in its profits.

However, just-drinks has learnt that Jago will return to Tesco, albeit in a different role as category director for group wine, in two weeks' time.

In an internal memo seen by just-drinks, Tesco's commercial director, Jason Tarry, said: "We asked Dan to step aside to facilitate our recent investigation into the recognition of commercial income. We have now concluded our investigation on this matter, and as a result, Dan will be back in the business from Monday 9 March."

Tarry went on to thank Jago for "the manner in which he has engaged with us, during a particularly difficult time for him personally".

When contacted by Tesco, a spokesperson for the company said: "We can confirm Dan Jago will be returning to the business. Dan will be returning to work in March.”

In Tesco's most recent set of results, the company reported a 92% fall in half-year profits to GBP112m as sales slipped by 4.4% in the six months to the end of August.