Three former Tesco executives due in court on fraud cahrges
PUBLISHED: 10:00 20 October 2016 | UPDATED: 10:00 20 October 2016
Three former Tesco executives will appear in court in relation to the £326m accounting scandal at the supermarket.
Carl Rogberg, 49, Chris Bush, 50, and John Scouler, 48, are charged with fraud by abuse of position and false accounting.
Lawyers acting for the three men indicated not guilty pleas to the two charges they each face when they appeared at Westminster Magistrates’ Court for a preliminary hearing last month.
The supermarket’s former finance chief, managing director and food commercial head were investigated for their alleged role in an accounting scandal in which Tesco was found to have inflated its profits by £326m in 2014.
They allegedly failed to correct inaccurately inflated income figures for the supermarket, which were published to auditors, other Tesco employees and the wider market.
The Serious Fraud Office said the investigation into Tesco “remains ongoing”.
Rogberg, of Chiselhampton, Oxfordshire; Bush, of High Wycombe, Buckinghamshire; and Scouler, of St Albans, Hertfordshire, who are all on bail, will appear at Southwark Crown Court for a plea hearing.