SFO to decide on MG Rover investigation

Posted on August 11th, 2009 by News in Manufacturers, News

The Serious Fraud Office (SFO) will confirm later whether it intends to launch a criminal investigation into the collapse of carmaker MG Rover.

Its announcement comes a month after Business Secretary Lord Mandelson asked the SFO to study the results of a four-year independent report into the saga.

Birmingham-based MG Rover collapsed in 2005 with the loss of 6,500 jobs.

The four executives in control of MG Rover, the so-called Phoenix Four, have always denied any wrongdoing.

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