Belfast Telegraph

Former Tesco chiefs deny £326m fraud

By Staff Reporter

Three former Tesco executives have denied charges 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.

The trio allegedly failed to correct inaccurately inflated income figures for the supermarket, which were published to auditors, other Tesco employees and the wider market.

The three defendants appeared at Westminster Magistrates' Court yesterday for a preliminary hearing.

Lawyers for all three men indicated pleas of not guilty to the two charges they each face.

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. The Serious Fraud Office said its investigation continues.

Belfast Telegraph