UPDATE 1-UK Government launches MG Rover investigation

Newswire

(Adds more quotes, background) By Gerard Wynn LONDON, May 31 (Reuters) - The UK's Department of Trade and Industry launched a full investigation on Tuesday into the collapse of carmaker MG Rover, after an accounting watchdog unearthed unanswered questions in its books. MG Rover filed for bankruptcy in April under debts of 1.4 billion pounds ($2.55 billion), including a pension hole of 415 million pounds, compared to assets of just 80.5 million pounds. Its owners Phoenix Venture ...

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