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. The SFO said its investigation into Tesco remained ongoing and it is still possible that further individuals could face action. “He is not guilty and from the outset has fully co-operated with both Tesco and the SFO in their investigations. City analysts have warned that the scandal could cost Tesco a £500m fine.

Source: The Guardian September 09, 2016 11:08 UTC