Thursday, 27 September 2007

"I have been the Wild Rover!!"

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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