09-09-2016 17:59 via news.yahoo.com

UK fraud agency charges three in Tesco accounting probe

When Tesco revealed the overstatement, which was later raised to 263 million pounds, it plunged the firm into the worst crisis in its near 100-year history and led to a 4 billion pound drop in the company's stock market value. Carl Rogberg, Christopher Bush and 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 on Friday, giving no further details of the charges. Bush, 50, who was managing director of Tesco U
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