There is to be no criminal investigation into the 2005 collapse of the former British automotive manufacturer MG Rover, the Serious Fraud Office (SFO) has announced.
Peter Mandelson tasked the SFO last month with ascertaining whether the former directors of the company – dubbed ‘the Phoenix Four’ – should face criminal charges over claims relating to dividends they took out of the company while it was on the brink of collapse. They have always strenuously denied any corrupt behaviour. In June…
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