Former executives ‘cooked the books’ in Tesco scandal

Three former Tesco executives are accused of “cooking the books” in a scandal which wiped £2bn (€2.25bn) off the super- market’s total share value and sent “shockwaves” through the stock market.

Carl Rogberg, Chris Bush, and John Scouler are alleged to have been involved in a “white-collar crime” in which they failed to correct inaccurately recorded income figures which were published to auditors, other employees and the wider market.

The supermarket’s former finance chief, managing director, and food commercial head, who are charged with fraud by abuse of position and false accounting between February and September 2014, were investigated after Tesco was found to have inflated its profits.