BusinessBusiness RecoveryBDO’s MG Rover report to go public on 11 September

BDO's MG Rover report to go public on 11 September

Business department to release BDO Stoy Hayward report into collapsed car giant next month after four years of investigation costing almost £16m

Whitehall mandarins will finally release BDO Stoy Hayward’s eagerly awaited
report into the collapse of the MG Rover Group on 11 September.

The decision was swiftly taken in the wake of the Serious Fraud Office saying
it was not going to kick off a criminal investigation into the events leading to
the former car giant’s collapse.

The wheels have been set in motion for the report to be published but for
legal reasons, ‘an established process must be adhered to’ which puts the
release back until next month.

Business Secretary Lord Mandelson said: ‘It was important to have clarity on
whether or not this was a case that the SFO should be investigating. The workers
who lost their jobs and the creditors who were owed nearly £1.3bn by the
collapse deserved no less.

‘They have waited a long time to see the findings of the report and the way
is now clear for us to publish. Today we are setting out the timetable and
arrangements.’

However copies of the report will be given four days in advance to those
named in the report ‘who, it is considered, need time to prepare themselves for
publication,’ the business department said.

‘A minimum of four weeks from now until publication is judged necessary to
ensure sufficient time for witnesses to be contacted over this holiday period
and arrangements to be made,’ the business department added.

Further reading:

SFO
backs off from MG Rover probe

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