Former Tesco CEO Philip Clarke will not be charged by the Serious Fraud Office (SFO) with regard to the supermarket’s accounting scandal, on the grounds of insufficient evidence. The SFO declined to comment, save for indicating that its investigation is continuing. The SFO said it had found no evidence that Mr Clarke, who was sacked in July after admitting a £290m fraud at Tesco, committed any criminal offence during his time as chief executive. Three former UK Tesco directors, Carl Rogberg, former finance director; Christopher Bush, former managing director; and John Scouler, former commercial director for food, have each been charged with fraud by abuse of position and false accounting in relation to the scandal. The charges carry potential sentences of 10 and seven years in jail respectively.
Former Tesco CEO Philip Clarke will not be charged by the Serious Fraud Office (SFO) with regard to the supermarket’s accounting scandal, on the grounds of insufficient evidence. The SFO said it had found no evidence that Mr Clarke, who was sacked in July after admitting a £290m fraud at Tesco, committed any criminal offence during his time as chief executive. Three former UK Tesco directors, Carl Rogberg, former finance director; Christopher Bush, former managing director; and John Scouler, former commercial director for food, have each been charged with fraud by abuse of position and false accounting in relation to the scandal. The charges carry potential sentences of 10 and seven years in jail respectively.