UPDATE 1-UK watchdog launches Deloitte probe over MG Rover

Newswire

(Adds Deloitte reaction, AIDB spokeswoman, background) LONDON, Aug 17 (Reuters) - The UK's accounting watchdog said on Wednesday it had decided to investigate accounting firm Deloitte over its role as auditor and adviser to carmaker MG Rover, which filed for bankruptcy in April. MG Rover collapsed under debts of 1.4 billion pounds, causing the loss of 5,000 jobs after the carmaker was forced to close its production plant at Longbridge in central England. The investigation by the ...

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