Tesco U.K. CFO Cleared in Accounting Case, Ending Trials
- SFO drops criminal case against Ex-Tesco CFO Carl Rogberg
- All three former executives cleared of criminal charges
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Tesco Plc’s former U.K. chief financial officer was acquitted of fraud charges Wednesday, drawing into question the prosecutor’s methods as a series of criminal investigations related to a four-year-old accounting scandal at the grocer failed to result in a single conviction.
Judge Deborah Taylor cleared Carl Rogberg at a hearing Wednesday, after the U.K. Serious Fraud Office effectively dropped the case. The decision follows the dismissal of similar accounting-related charges against Chris Bush, Tesco’s former U.K. chief executive officer, and John Scouler, ex-commercial director of the unit.