T hree former Tesco directors will stand trial on Monday to face charges over the company's £263m accounting scandal. Christopher Bush, Tesco UK's former managing director, Carl Rogberg, the company's former UK finance director, and John Scouler, its former UK food commercial director, have been accused of abusing their positions to falsely inflate the grocer's profits in 2014. The three men have been charged by the Serious Fraud Office (SFO) with one count of fraud by false accounting and one count of fraud by abuse of position, which can lead to prison sentences of up to seven and 10 years, respectively. They pleaded not guilty at a hearing at Southwark Crown Court last month. The retailing giant stunned the market in September 2014 when it revealed that it had identified the profits overstatement just weeks after current chief executive Dave Lewis took over from predecessor Philip Clarke, causing its shares to dive 12pc.
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