Carole Nash Classic Insurance Specialists

Press Report : Serious Fraud Office won’t investigate MG Rover sale

Birmingham Post, 11th August, 2009

The Serious Fraud Office has announced that it does not intend to begin a criminal investigation into the sale of car-maker MG Rover. The decision came after the SFO conducted a review of documents sent by the Department of Business, Innovation and Skills.

The Government is now expected to come under intense pressure to publish a £16 million report on the circumstances surrounding the sale of the MG Rover Group, which was compiled by independent Inspectors appointed by the then Department of Trade and Industry.

The SFO said that report was referred on to it on July 6 by the Secretary of State for Business, Innovation and Skills, Lord Mandelson, after he studied the findings. The Inspectors delivered their report on June 11. MGRG, the manufacturer of Rover and MG cars, went into administration on April 8, 2005.

However, as the Inspectors’ report has not been made public, the SFO said it was unable to go into detail about the reasons for its decision.

[Source: Birmingham Post]

Posted in: AROnline News, MG Rover

Have your say...