BusinessBusiness RecoveryMG Rover inquiry bill tops £7m

MG Rover inquiry bill tops £7m

Inquiry to continue into 2007

The bill for the Department of Trade and
Industry’s
investigation into the collapse of
MG Rover has topped £7m, the
Daily Telegraph has revealed.

At the same time, the DTI also said that the inquiry into the collapse of the
group – which cost 6,000 jobs – would continue into 2007.

The DTI investigation has been running for the last 18 months.

The newspaper also reported that the
Phoenix Four
former owners of MG Rover – are set to become millions of pounds richer after
clawing back more than £16m from the taxman.

Further reading:

Taxpayers stung by Rover’s
decline

Rover bosses face new tax
challenge

Rover funds still up for grabs

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