(Photo: Punit Paranjpe/Reuters)
Former Tesco Plc Chief Executive Officer Philip Clarke is set to be interviewed by U.K. prosecutors as a probe into the grocer’s multimillion-pound accounting scandal heads to a conclusion.
The U.K. Serious Fraud Office has asked Clarke and ex-commercial director Kevin Grace to come in for interviews under caution, according to people with knowledge of the probe. Former U.K. finance director Carl Rogberg was interviewed earlier this summer, according to one person, while ex-head of U.K. operations, Chris Bush, also received an SFO request, said another person, who asked not to be identified because the investigation is confidential.
The SFO started investigating Tesco in October after the grocer said it found it had overstated profits, by an amount which has since spiraled to as much as 326 million pounds ($503 million). Nine senior managers were put on leave, of which at least six were dismissed.
The original article can be found at www.bloomberg.com