Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Swede charged in Britain over supermarket 'fraud'

Share this article

Swede charged in Britain over supermarket 'fraud'
A Tesco store in London. Photo: AP Photo/Alastair Grant
14:45 CEST+02:00
A Swedish ex-finance director of supermarket chain Tesco UK is among three former senior directors charged with fraud in an accounting scandal grabbing headlines in international media.

Carl Rogberg, who is the former finance director of Tesco UK, was charged on Friday alongside Christopher Bush, the former managing director, and John Scouler, the former commercial director for food, with fraud by abuse of position and false accounting, reports The Guardian.

Rogberg was born in Sweden and holds an MBA from the Stockholm School of Economics, but lives in the UK. He started his Tesco career as international finance director for Asia between 2006 and 2010.

The trio were suspended in November 2014 after it was discovered that the supermarket's accounts had been inflated by more than £263 million, causing the firm to later make significant losses.

The Serious Fraud Office (SFO) in the UK said the alleged activities took place between February and September 2014.

Rogberg and the other two are to appear at Westminster magistrates court on September 22nd.

"We note the decision of the SFO to bring a prosecution against former colleagues in relation to historic issues and acknowledge the investigation into the company is ongoing," a Tesco spokesperson told the Telegraph.

"Tesco continues to cooperate with the SFO's investigation. The last two years have seen an extensive programme of change at Tesco, but given this is an ongoing legal matter, we are unable to provide any further comment at this time."

The investigation continues, said SFO.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The power of cooperation: the secret to Swedish success?

Is the Swedish approach to leadership really as special as people think? The Local asks a non-Swedish manager at telecom giant Ericsson for a frank appraisal of Swedes' so-called 'lagom' leadership style.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement