Fraud Probe Into MG Rover Demise
Fraud probe into MG Rover demise
The Serious Fraud Office (SFO) is to probe the circumstances surrounding the demise of the Midlands carmaker MG Rover in 2005.BBC business editor Robert Peston says Business Secretary Lord Mandelson will make a brief written statement on Monday confirming the move. It follows a four-year inquiry into the collapse which led to 6,000 job cuts. The four executives in control of MG Rover at the time said there was “no suggestion of improper conduct”. A spokesman for the MG Rover directors said: “The directors have at all times willingly accounted for their actions – which kept MG Rover alive for five years.”
Source:BBC
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