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UK withdraws criminal investigation over MG, Rover collapse : Car Advice | News Blog

UK withdraws criminal investigation over MG, Rover collapse

August 13, 2009 by Matt Brogan  




As we reported back in early July, British police were investigating the collapse of UK manufacturer MG Rover Group through their Serious Fraud Office.

mg_rover_logo_001

However, following consultation with legal advisors, the office has decided that there are no grounds on which to initiate a criminal investigation over the sale and collapse of the group.

The SFO said it had reviewed all documents relating to the 2005 transaction and demise of the company and determined there was no further action to be taken from a legal standpoint.

MG Rover, Britain’s last mass-market independent car manufacturerr, went into administration in April 2005 with debts of almost 1.3 billion pounds and the loss of 6000 jobs. It is now owned by China’s Shanghai Automotive Industry Corp.

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Comments

2 Responses to “UK withdraws criminal investigation over MG, Rover collapse”
  1. Baddass says:

    I didn’t know that was Rover’s badge. Reviews all over the world give the new Chinese MG recycled roadster such a beating. Serves them right: they should have just started again not redo a thoroughly awful, unreliable car. I hope it sinks them.

  2. Captain Mainwaring says:

    Sounds like they have more important things to deal with. Like MPs rorting their expenses.

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