DTI to face questions over Rover

DTI to face questions over Rover

Public Accounts Committee to question DTI on loan payments to MG Rover

The performance of the Department of Trade and Industry leading up to the
final days of MG Rover is to be examined by the House of Commons Public Accounts
Committee.

MPs will question DTI permanent secretary Sir Bryan Bender on March 20 to
explain the carmaker’s collapse, and will focus on the department’s decision to
give the go-ahead to ‘loan’ £6.5m of workers’ wages before Rover closed last
April, according to The Telegraph.

The money had been paid to enable Rover administrators PricewaterhouseCoopers
time to strike a deal with suitor SAIC for the carmaker, but it emerged that the
buyer had sent three letters to the DTI stating that a deal would not be
possible.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

5m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

5m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

6m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

6m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

6m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

6m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

7m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

7m Emma Smith, Managing Editor