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UK Serious Fraud Office seeks retrial of former Tesco executives

The U.K.'s Serious Fraud Office on March 2 said it is seeking a retrial of three former Tesco PLC executives accused of fraud.

A date for the hearing will be announced in due course.

The first trial was abandoned Feb. 6, 2018, after Tesco former U.K. finance director Carl Rogberg, one of the defendants, suffered a heart attack.

The case focuses on a London Stock Exchange report Aug. 29, 2014, in which Tesco said it expected to report a trading profit of approximately £1.1 billion for the six months to Aug. 23, 2014. On Sept. 22, 2014, Tesco said the figure had been overstated by about £250 million.

Rogberg; Christopher Bush, former managing director of Tesco U.K.; and John Scouler, who was director for commercial food, each faces one count of fraud and one of false accounting. The three defendants deny the charges.