Corporate fraud cases can take an interminably long time to come to court in the United Kingdom, and the success rate for prosecuting major companies is decidedly mixed. But it looks as though the Serious Fraud Office (SFO)—the country’s main enforcement body—is prepared to continue with its case against the former bosses of supermarket giant Tesco after its first trial collapsed.

Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management, corporate governance, internal audit, compliance, and legal...