Dec 7, 2017

Two former executives opt not to testify in Tesco trial

Two former Tesco executives accused of misleading the market about the company's profits in 2014 have opted not to give evidence in their trial. The trial has heard that Amit Soni, a Tesco accountant who the prosecution has called a whistleblower, prepared a report that claimed that for part of 2014, Tesco had been incorrectly pulling forward future income to flatter the bottom line. Mr Gildersleeve, a former Tesco executive and a deputy chairman of TalkTalk, told the trial that he recruited Mr Scouler to Tesco in 2001 and that he and Baroness Harding had offered him a job at the telecoms company after he left Tesco, even though he was facing criminal charges. Mr Bush, former managing director of Tesco UK, also opted not to testify in his defence. Mr Rogberg, a former Tesco UK finance director, has been the only one of the three to testify.

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