Deloitte loses appeal in MG Rover disciplinary case

Newswire

LONDON, July 29 (Reuters) - Accountants Deloitte has lost an appeal over a regulatory ruling that it failed to manage conflicts of interest in its advice to MG Rover Group and the "Phoenix Four" directors who bought the UK carmaker before it collapsed. MG Rover was put into administration in 2005 with debts of 1.4 billion pounds ($2.1 billion) and the loss of 6,000 jobs. Four of its directors had set up Phoenix to buy the loss-making carmaker for a token 10 pounds five years ...

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