Deloitte MG Rover appeal set for new date

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.

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