Crown court jury instructed to acquit duo over the £250m black hole in profits in 2014
Former Tesco directors Chris Bush and John Scouler have been cleared of false accounting at Southwark crown court.
The court case related to an alleged hole in Tesco’s accounts revealed in September 2014 when the company told the stock market it had overestimated profits by about £250m. The announcement wiped £1.5bn off the value of Tesco in one day.
Source: New feed