Announcement by the Government that the serious fraud Office (SFO) will look like in the collapse of MG Rover Group (MGRG) was attacked by a former employee of the group as a "smoke screen".
Vincent Hammersley, made in Coventry motoring Association founded, is of the opinion that the Government is trying to protect in 2005 for creditors ?1 his own lack of effort to the company. 3 billion and leaving 6,000 workers without jobs collapsed to hide.
Hammersley now is Director of communications for Warwick Business School, he said "never the commitment or ability doubted" of the Phoenix Group that took over the company in 2000, to pay then owner BMW only ?10.
Business Secretary Peter Mandelson announced yesterday that the SFO would decide after a four year study of MGRG, parent company Phoenix venture holdings and MGR capital Ltd, and a number of smaller affiliates if there are reasons for the persecution.
BBC business editor Robert Peston, questioned why the Government in the FG bring at any time during the investigation by independent inspectors, to point out that the report remains unknown as sees the SFO in the matter.
The 'Phoenix four' which welcomed some in 2000 as the saviors of MGRG, took an estimated ?40 million in salaries, pensions and assets before the Group reduce, five years Später.Sie deny any wrongdoing in the events which led to the demise of MGRG to an end British owned volume vehicle construction.
Write on his blog, Vincent Hammersley said it's a shame that Phoenix executives ", insert their own money and reputation on the line" not having their efforts are recognized.
"It looks to me how the Government is trying to ensure that the debt is addressed to the people who tried to save the company, rather than weak compared to their own efforts and ineffective," he added.
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