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| Version 1 | Version 2 |
|---|---|
| Three charged over Tesco accounts fraud | Three charged over Tesco accounts fraud |
| (35 minutes later) | |
| Three Tesco former executives have been charged as part of an ongoing Serious Fraud Office (SFO) investigation into 2014 accounting irregularities at the supermarket giant. | Three Tesco former executives have been charged as part of an ongoing Serious Fraud Office (SFO) investigation into 2014 accounting irregularities at the supermarket giant. |
| Carl Rogberg, Christopher Bush and John Scouler have been charged with fraud by abuse of position and false accounting, the SFO said. | Carl Rogberg, Christopher Bush and John Scouler have been charged with fraud by abuse of position and false accounting, the SFO said. |
| The three have been asked to appear in court on 22 September. | The three have been asked to appear in court on 22 September. |
| Tesco said there had been "an extensive programme of change" since 2014. | Tesco said there had been "an extensive programme of change" since 2014. |
| Mr Bush was managing director of Tesco UK, Mr Rogberg was finance director UK and Mr Scouler was UK food commercial director. | Mr Bush was managing director of Tesco UK, Mr Rogberg was finance director UK and Mr Scouler was UK food commercial director. |
| The SFO started a criminal investigation in October 2014, a week after Tesco announced that its profits had been overstated by £263m. | |
| Auditors found that the inflated profit figure was the result of Tesco bringing forward rebates from suppliers. | Auditors found that the inflated profit figure was the result of Tesco bringing forward rebates from suppliers. |
| Mr Scouler is now commercial director at the telecoms company TalkTalk. In a statement the company said: | |
| "We are aware of the SFO's announcement, but as this is an ongoing investigation unrelated to TalkTalk we cannot comment further." |