Final Ex-Tesco Exec Acquitted Of Fraud In Defeat For SFO

Law360, London (January 23, 2019, 2:54 PM GMT) -- A third former Tesco executive accused of taking part in an accounting scandal that wiped nearly £2 billion ($2.6 billion) off the supermarket’s chain value was acquitted at a London court on Wednesday, depriving the Serious Fraud Office of a single criminal conviction in the case.

The former U.K. finance director at Tesco has been cleared of one charge each of fraud and false accounting, which means the Serious Fraud Office did not win a single criminal conviction in the case. (AP) Carl Rogberg, who was U.K. finance director at Tesco, was cleared of one charge each of fraud and false accounting at...

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