Former UK finance director Carl Rogberg, former UK managing
director Christopher Bush and former food commercial director John
Scouler have been charged with one count of fraud by abuse of
position and one count of false accounting, the SFO said in a statement. The
alleged activity occurred between February 2014 and September 2014.
The SFO has confirmed
that the investigation into Tesco remained ongoing with the
possibility that further individuals could also face action.
The three appeared before Westminster Magistrates Court on
September 22 and Judge Vanessa Baraister referred the case to
Southwark Crown Court where they will next have to appear on 20
The supermarket giant was engulfed in scandal in October 2014
when a whistleblower revealed that Tesco had overstated its
half-year profits by £250m. In the aftermath, Tesco suspended
four senior members of staff and called in Deloitte to
The subsequent investigation confirmed that Tesco had
artificially inflated an estimate of first-half profits given in
August 2014 and similar practices had been in place in earlier
Tesco have released the following statement in respect of the
SFO decision to bring
these charges as follows:
"We note the decision of the SFO to bring a prosecution
against former colleagues in relation to historic issues and
acknowledge the investigation into the Company is ongoing. Tesco
continues to cooperate with the SFO’s investigation.
The last two years have seen an extensive programme of change at
Tesco, but given this is an ongoing legal matter, we are unable to
provide any further comment at this time."
Last month the Financial Reporting Council (FRC) ended its investigation into the conduct of former Tesco CFO
Laurie McIlwee. The FRC subsequently
released a statement advising that the executive counsel to the
FRC has concluded
that ‘there is no realistic prospect that a tribunal would
make an adverse finding in relation to the conduct of Mr Laurie
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