UK fraud authorities to probe MG Rover collapse

The circumstances surrounding the 2005 collapse of carmaker MG Rover are to be investigated, the British government confirmed Monday. The Serious Fraud Office (SFO) said in a statement it had been asked to consider whether there should be a criminal investigation following completion of an inquiry into the failure of the MG Rover Group (MGRG) on April 8, 2005, which owed nearly £1.3 billion ($2.09 billion) to creditors.

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