UPDATE 2-UK Government launches MG Rover investigation

Newswire

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

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