Former Tesco executives complete first day of trial, with arguments expected from Wednesday

 
Alys Key
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Christopher Bush pictured outside Southwark Crown Court today (Source: Getty)

The trial of three former senior executives of Tesco got underway today, as the trio faced charges of fraud and false accounting.

The first day in court saw Christopher Bush, who was managing director of Tesco UK, Carl Rogberg, a former UK finance director, and John Scouler, previously UK food commercial director, appear at Southwark Crown Court to confirm their names.

All three pleaded not guilty at a hearing last month, and will now face a trial relating to an overstatement of Tesco's profit forecast in 2014.

However, arguments are not expected to get underway until Wednesday at the earliest, with the first days of the alloted court time dedicated to jury selection and legal arguments.

Read more: Trial begins for trio of former Tesco executives accused of fraud

Shares in Tesco edged down slightly today to close at 182.95p.

The trial was originally supposed to take place earlier this month but has been delayed for legal reasons. It comes several months after Tesco was ordered to pay £129m by the Serious Fraud Office (SFO).

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