'No case to answer' in trial of former Tesco executives
PUBLISHED: 15:48 10 December 2018 | UPDATED: 15:48 10 December 2018
A judge has ruled that there is 'no case to answer' after former Tesco executives were accused of leading the Welwyn Garden City-based company to overstate its profits by £250million.
In a process dragging out over four years, Christopher Bush and John Scouler were accused of fraud and false accounting at Tesco in 2014 by the Serious Fraud Office (SFO).
However on November 26 this year Mr Justice John Royce ruled that there is no case to answer for the men, who no longer work for Tesco.
The SFO appealed the decision, but on December 5, a Court of Appeal upheld the decision that there was insufficient evidence for a jury to consider in respect of the individual defendants and ordered an acquittal.
Tesco is headquartered at Shire Park, WGC.
The WHT has approached Tesco for comment, which was declined, clarifying that the men are no longer Tesco employees.