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INTERNATIONAL BUSINESS NEWS
July 06, 2009 09:52:12 AM

Britain's Serious Fraud Office will probe the demise of historic car manufacturer MG Rover, which collapsed in 2005 with the loss of 6,000 jobs, media reports said Sunday.

The BBC reported on its website, without citing its source, that Business Secretary Peter Mandelson will announce the investigation before parliament on Monday.

The Sunday Times newspaper, which also gave no source, added that a long-running government inquiry had concluded that there were grounds for a criminal investigation.

An SFO spokesman declined to comment on the reports.

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