Lord Mandelson, UK business secretary, is expected to start civil proceedings to disqualify members of the “Phoenix Four”, the former owners of the Birmingham carmaker MG Rover, from being company directors after Friday’s publication of a four-year inquiry into the company’s collapse. The report is expected to find that the four, plus a fifth executive, legally took between them more than £40m in cash and other benefits from MG Rover, which collapsed in 2005 with the loss of 6,000 jobs.

This entry was posted by Gwen Robinson on Friday, September 11th, 2009 at 4:28 and is filed under People. Tagged with MG Rover. Edit this entry.