BusinessBusiness RecoveryDTI 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.

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