MG Rover and fraud accusations

According to reports from Autocar, MG Rover directors have slammed the government in a recent statement after they had launched a Serious Fraud Office investigation following the collapse of the company. Lord Mandelson had ordered the investigation, following a four-year report into the collapse of MG Rover; the cost of the report was $16 million.

According to Autocar, the statement from MG Rover directors said that they were mystified as at no stage during the four year investigation had there been any suggestion that MG Rover had been involved in “fraud or criminal activity of any kind.”

PWC, who were the MG Rover administrators and the National Audit Office, carried out an investigation into the company’s affairs, and they both reached the conclusion that there had been no evidence of any wrongdoing.