PracticeAuditRover inquiry looks into wives’ bank accounts

Rover inquiry looks into wives' bank accounts

Investigators into MG Rover ask for financial details of spouses and partners of the Phoenix Four,

The DTI inquiry into MG Rover is looking into the private bank accounts of
the wives of the so-called Phoenix Four, the directors of the collapsed car
company.

The inquiry, which is being led by Gervase MacGregor of BDO Stoy Hayward and
Guy Newey, QC, is believed to have demanded details of the wives and partners of
the directors of the car company, including legal and financial details,
The Times said today.

They have also uncovered offshore business bank accounts relating to Rover,
it is understood.

Separately, Deloitte is understood to have requested more time to file the
company’s accounts for 2004. Originally due to be filed last October, another
extension was sought yesterday as the latest deadline fell due.

The accounts are likely to be filed within days, a spokesman is quoted in
The Times as saying.

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