LONDON - England's Department of Trade and Industry last week opened an investigation into the collapse of carmaker MG Rover after an accounting watchdog unearthed questions in MG Rover's books, Reuters reported.
MG Rover filed for bankruptcy in April. Its owner, Phoenix Venture Holdings, bought the company in 2000 for just £10 from BMW AG. It since has awarded its directors with £40 million - about $72.7 million at current exchange rates - in salaries and bonuses.
The investigation aims to satisfy public interest in the collapse, which has cost the jobs of about 5,000 workers, Trade and Industry Secretary Alan Johnson said in a statement.
Reuters did not specify what questions the watchdog, the Financial Reporting Review Panel, had uncovered.