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Old 5th Jul 2009, 12:59   #1
Lighting90
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Default Fraud probe into MG Rover demise

Fraud probe into MG Rover demise

The Serious Fraud Office (SFO) is to investigate the circumstances surrounding the demise of Birmingham-based carmaker MG Rover in 2005.

BBC business editor Robert Peston says Business Secretary Lord Mandelson will issue 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."

More can be found on the story by visiting the BBC News Website.

Fraud Probe into MG Rover Demise

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