Ex-Tesco Finance Chief McIlwee Probe Closed by U.K. Regulator

  • Financial Reporting Council ends case against Laurie McIlwee
  • Accounting practices at Tesco still under investigation by SFO

A customer leaves a Tesco outlet in south west London.

Photographer: Graham Barclay/Bloomberg

The U.K. accounting regulator closed an investigation into Tesco Plc’s former Chief Financial Officer, Laurie McIlwee, saying there wasn’t a "realistic prospect" that misconduct would be found in the case.

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