Tesco ceo dave lewis to appear as witness in fraud trial
According to recent reports, Dave Lewis, the former CEO of Tesco, is set to appear as a witness in a fraud trial related to the supermarket giant's accounting scandal in 2014.
As you may recall, Tesco was embroiled in a major accounting scandal in 2014, which led to a significant drop in the company's stock price and a major overhaul of its leadership. The scandal involved the misstatement of Tesco's profits, which was discovered in September 2014.
Dave Lewis, who was appointed as Tesco's CEO in September 2014, played a key role in investigating and addressing the scandal. Under his leadership, Tesco implemented a number of measures to improve its accounting practices and restore trust with its customers and investors.
The fraud trial, which is expected to take place in the coming months, is related to the accounting scandal and is expected to involve several former Tesco executives who are accused of being involved in the fraud.
As a witness, Dave Lewis is expected to provide testimony about the company's accounting practices and the steps he took to address the scandal. His testimony is likely to be significant, given his role as CEO during the period in question and his efforts to restore the company's reputation.
It's worth noting that the trial is still ongoing, and the exact details of the testimony and the outcome of the trial are not yet publicly known. However, the fact that Dave Lewis is set to appear as a witness is a significant development in the ongoing saga surrounding Tesco's accounting scandal.