Inquiry into accounting irregulaties at Rover - papers 18th April

The paper says an independent inquiry will attempt to pin down how much money they took out of the group.Sir Bryan Nicholson, chairman of the Financial Reporting Council, will report his preliminary findings to Trade and Industry Secretary Patricia Hewitt, within two weeks. Although he is expected to undertake a full and forensic examination of the company's accounts lasting several months. WHILE according to the Guardian, John Towers, the Midlands businessman who led the takeover of MG Rover from BMW five years ago, has hit back at suggestions of "accounting irregularities and black hole...