THREE former Tesco executives, including the former finance director of Tesco UK, have denied charges of fraud and false accounting in relation to a £326m accounting scandal at the supermarket.
Carl Rogberg, the former finance director of Tesco UK, Christopher Bush, the former managing director of Tesco UK, and John Scouler, the supermarket group’s former commercial director for food, appeared in court to answer charges of fraud by abuse of position and false accounting.
At a hearing Westminster Magistrates’ Court their lawyers indicated pleas of not guilty to all charges.
The trio were charged earlier this month by the Serious Fraud Office. The SFO launched a criminal investigation in October 2014, a week after Tesco revealed it had overstated its profits by £263m, which later increased to £326m.
They have been accused of dishonestly falsifying Tesco’s digital accounting records and its draft interim accounts by the “inputting of and/or reliance upon commercial income figures which gave a false account of the financial position of Tesco”.
Jeremy Fletcher, interim finance director and change-management consultant, currently at Global Shared Services, gives his views on the year ahead
Digital media company RhythmOne has poached PageScience’s chief financial officer as its next CFO
A new financial director has been announced at agricultural foods specialist NWF Group
Our latest in a daily series of interviews with FDs showcases finance director at High Access Maintenance Limited, Phil Wong, who gives his views on the year ahead