Home Breaking SFO trial against Tesco directors collapses
Tesco trolley

SFO trial against Tesco directors collapses

by Purvai Dua
6th Dec 18 12:59 pm

The Serious Fraud Office’s case against two former Tesco directors, who were accused of committing a £250m fraud, has collapsed because of lack of evidence.

The jury was told that Christopher Bush, ex-UK managing director, and John Scouler, ex-UK food commercial director, had been cleared on charges of fraud and false accounting.

Bush and Scouler were accused of manipulating figures that resulted in Tesco’s profits being massively overstated. The defendants had been on trial for eight weeks at Southwark Crown Court.

In August 2014, Tesco said it expected half-year profits to be about £1.1bn. However, weeks later, it said profits had been overstated by about £250m.

Both men had denied the charges.

Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]