Last month Accountancy Age reported that the cost of the investigation into
the 2005 collapse of British car manufacturer Rover has already cost £9.6m.
In 2006 the Public Accounts Committee calculated the British taxpayer was being
hit by a £270m bill for Rover's operations between 2000 and 2005. It is great
to be British but perhaps we could get to the European Union to pay for a bit
of this mess.
Gervase MacGregor of BDO Stoy Hayward was appointed in the summer of
2005 after finishing a three year investigation in another vehicle manufacturer.
MacGregor is working with Guy Newey QC of Maitland Chambers.I am
not too sure how they will treat the Blair/Brown government's objective of
keeping Rover going as long as possible for electoral reasons.
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