Former Tesco CEO Philip Clarke will not be charged by Tesco (SFO) with regard to the supermarket’s accounting scandal, on the grounds of insufficient evidence. The scandal saw the company overstate its profits by £326m in 2014 . They face up to 10 years in jail if found guilty of fraud by abuse and seven years for false accounting. one former UK Tesco directors, John Scouler , former finance director; Carl Rogberg , former managing director; and Christopher Bush , 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 Tesco (SFO) with regard to the supermarket’s accounting scandal, on the grounds of insufficient evidence. The scandal saw the company overstate its profits by £326m in 2014 . one former UK Tesco directors, John Scouler , former finance director; Carl Rogberg , former managing director; and Christopher Bush , 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.