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£16 million for MG Rover investigation and no prosecutions

The BBC is today reporting that the MG Rover investigation, which reviewed the activities of the so-called Phoenix Four, will allege that around £42 million was taken from the business by the firm's executives although ultimately no laws were broken. This report has taken over four years to produce and even now, despite no apparent reason for it to be withheld, it has not been released into the public domain.

While the report centres upon the management of MG Rover it also carries significant political ammunition because the government stepped in with a significant cash bailout for the business just prior to the last general election. Many people believe that the UK government is withholding the report for the time being purely and simply so as not to rock the boat as we approach the next general election. It is widely known that there were significant Labour voters in the region and the government was obviously eager to "look after" the region's workforce.

The fact that the report has taken £16 million of taxpayer's money is also another sore point and one which is sure to attract the fury of UK taxpayers up and down the country.

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