Tesco finance director fraud case dropped

Tesco's former UK finance director was cleared Wednesday over a fraud and false accounting scandal at Britain's biggest retailer after the case against him was dropped.

The aquittal of Carl Rogberg means neither the world's third-largest supermarket group nor any of its executives have been successfully prosecuted over one of the 2014 affair, one of the biggest British corporate scandals in recent history.

Rogberg, 52, had been accused of knowing that income was being wrongly included in records to meet targets and make the world's third-largest supermarket group look in a better financial state than it really was.

But the Serious Fraud Office (SFO) announced it would not offer any evidence against him on one count of fraud and another of false accounting.

"It is a huge relief that this day has finally come," Rogberg said outside Southwark Crown Court in London.

"The trial has had enormous consequences on my health and exemplary career.

"This decision is so much more than simply an acquittal.

"In short, there was never any evidence of my wrongdoing and I should never have been charged."