Deloitte MG Rover appeal set for new date
Big Four firm returns to tribunal appeal hearing later this week
AN appeal hearing by Deloitte over its role in the MG Rover case and the £14m fine slapped on it after the FRC’s ruling is scheduled to recommence on 30 January 2015.
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.
MG Rover Group entered administration on 8 April 2005 with estimated losses of nearly £1bn and around 6,500 staff redundancies.