Date set for Deloitte MG Rover appeal
Five day hearing outlined for Deloitte appeal against fines for its MG Rover work
DELOITTE’s APPEAL HEARING against the loss of an independent FRC tribunal last September over its role in advising the owners of MG Rover is set to be heard on September 29.
The Big Four firm and its corporate finance partner Maghsoud Einollahi were fined £14m and £250,000 respectively by the tribunal for their role in advising the owners of the doomed car manufacturer in 2000.
The hearing will take place at The International Dispute Resolution Centre in Fleet Street, London. It is expected to last for up to five days.
MG Rover Group entered administration on 8 April 2005 with estimated losses of nearly £1bn and around 6,500 staff redundancies.