Three charged in Tesco accounting probe
SFO action was sparked by overstating of profits
Three former Tesco executives have been charged with fraud by British prosecutors in relation to an accounting scandal.
Carl Rogberg, the former finance director, Christopher Bush, the former UK managing director, and John Scouler, the former commercial food director in the UK, were all charged with one count of fraud by abuse of position and one count of false accounting by Britain's Serious Fraud Office today.
The SFO started investigating Tesco in 2014 afterthe supermarket giant said it found it had overstated profits, by an amount which has since spiralled to as much as £326m. Nine senior managers were put on leave and at least six were dismissed.
