BusinessBusiness RecoveryMPs want end to BDO’s inquiry into Rover collapse

MPs want end to BDO's inquiry into Rover collapse

Inquiry has cost £8m to date, forcing MPs to call for an urgent conclusion

The inquiry into the collapse of carmaker MG Rover by mid-tier firm BDO Stoy
Hayward has cost the government £8m and MPs are now calling for an urgent
conclusion, according to The Times.

Guy Newey QC and Gervase MacGregor, head of the forensic accountants BDO Stoy
Hayward, were commissioned by the Department of Trade & Industry in June
2005, two months after the car-maker plunged into administration.

Richard Burden, Labour MP for Birmingham Northfield, said he would write to
Newey and MacGregor to ask when they are going to finish. He said: ‘I am all for
thoroughness and for the tortoise beating the hare, but this is becoming a
rather expensive tortoise.’

A DTI spokesman said department officials met the investigators regularly to
‘ensure momentum is maintained and that the inquiry delivers value for money’.

Further reading:

Phoenix Four to bank tax millions from Rover

MG Rover inquiry bill tops £7m

Taxpayers stung by Rover’s decline

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