Then later in December, Bush and Scouler faced a re-trial and were acquitted.
THE 2014 SCANDAL
Back in September 2014, Tesco snowballed into a huge crisis forcing it to suspend four senior executives and call in investigators, all of it happening after the discovery of its profits being artificially inflated by £250 million.
The reports triggered a £2 billion wipeout in the value of Britain’s biggest retailer, following a whistleblower warning that supplier payments were erroneously booked, and business costs glossed over.
Then, Tesco had refused to name the individuals at the center of the investigation, but the media indicated that they were Bush, Rogberg, John Scouler, and Matt Simister.