Tesco directors acussed of fraud deemed not guilty
Tesco is the largest retail chain in the United Kingdom
(UNITED KINGDOM, 12/7/2018)
Two former Tesco directors have been acquitted of charges of fraud and false accounting at Britain’s biggest retailer after a 2014 scandal, dealing a major blow to the UK Serious Fraud Office (SFO).
British newspaper coverage in 2014
The acquittal took place after the judge dismissed the directors’ case stemming from an overstatement of Tesco’s profit forecast of more than GBP 250 million (USD 318 million) due to lack of evidence, BBC News reported.
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