Former Tesco execs plead ‘not guilty’ in 2014 accounting scandal
Trial due to start next month after three men enter not guilty pleas at Southwark Crown Court
4 August 2017
The three former Tesco executives charged with fraud in the retail giant’s 2014 accounting scandal have entered formal not guilty pleas in court.
Appearing at London’s Southwark Crown Court on Thursday, The Irish Times reports Carl Rogberg (50), Chris Bush (51) and John Scouler (49) were charged with fraud by abuse of position and false accounting.
A trial is expected to begin next month, after the courtroom packed with legal teams and Tesco representatives heard the pleas.
The accounting scandal which was headline news three years ago found Tesco inflated its profits by £326 million in 2014. The former finance chief, managing director and food commercial head were investigated for their alleged role in the furore.
Allegedly, the three men failed to correct inaccurately inflated income figures which were then shared with auditors, Tesco employees and the wider market.