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

Carole Nash Classic Insurance Specialists

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]

Clive Goldthorp

Clive claims that his interest in the BMC>MG story dates back to his childhood in the 1960s when the family’s garage premises were leased to a tenant with an Austin agency. However, back in the 1920s and 1930s, his grandmother was one of the country’s first female Garage Proprietors so cars probably run in his genes! Admits to affairs with Alfa Romeos, but has more recently owned an 06/06 MG TF 135 and then a 15/64 MG3 Style… Clive, who was AROnline’s News Editor for nearly four years, stood down from that role in order to devote more time to various Motor Racing projects but still contributes articles on as regular basis as his other commitments permit.

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