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Former Tesco directors charged with fraud by Serious Fraud Office Former Tesco directors charged with fraud over accounting scandal
(about 1 hour later)
Three former senior directors at Tesco have been charged with fraud in relation to a £263m-plus accounting scandal at the supermarket chain.Three former senior directors at Tesco have been charged with fraud in relation to a £263m-plus accounting scandal at the supermarket chain.
Carl Rogberg, the former finance director of Tesco UK, Christopher Bush, the former managing director of Tesco UK, and John Scouler, the former commercial director for food, have all been charged with one count of fraud by abuse of position and one count of false accounting.Carl Rogberg, the former finance director of Tesco UK, Christopher Bush, the former managing director of Tesco UK, and John Scouler, the former commercial director for food, have all been charged with one count of fraud by abuse of position and one count of false accounting.
A statement from the Serious Fraud Office said the alleged activity occurred between February 2014 and September 2014.A statement from the Serious Fraud Office said the alleged activity occurred between February 2014 and September 2014.
The three men have been summoned to appear at Westminster magistrates court on 22 September 2016.The three men have been summoned to appear at Westminster magistrates court on 22 September 2016.
The SFO said its investigation into Tesco remained ongoing.The SFO said its investigation into Tesco remained ongoing.
Tesco said in a statement that it continued to co-operate with the SFO’s investigation: “The last two years have seen an extensive programme of change at Tesco, but given this is an ongoing legal matter, we are unable to provide any further comment at this time.”Tesco said in a statement that it continued to co-operate with the SFO’s investigation: “The last two years have seen an extensive programme of change at Tesco, but given this is an ongoing legal matter, we are unable to provide any further comment at this time.”
This is a breaking news story, please check back for further updatesThis is a breaking news story, please check back for further updates