Unexplained (and alleged, o'course) accounting irregularities continue to mount at the beleaguered MG Rover. According to the Guardian, Rover's checkbook is out of balance by more than $1 billion, and a clearer picture is emerging of the complex deal the Phoenix four struck with BMW — including exactly what they got for the 10 quid they paid for MGR. For one, a boomerang of cash from BMW returned in the form of a billion-dollar loan and as payments for individual elements of the business. Next life, we're going into forensic accounting, for real.

Rover accounts mismatch widens to 554m [The Guardian (UK)]

Related:
$170 Million in Cars Missing from MG Rover [internal]

Branson on Rover: Say Hi to Hybrids, Ello to EU Loans [internal]