Poppet Peter is kicking the investigation over to the SFO, despite refusing them to lead the enquiry from day one if there was a suspicion of fraud, despite the administrators finding there was no evidence of wrong doing by the Directors, despite refusing several requests under the Freedom of Information to reveal the Governments role.
This investigation has cost £16m to date, and Mandelson is still determined to cover up the role of Nu Labour, because publication of the report will show glaring holes in the Governments story (ie a pack of lies) in the run up to a General Election, starting a criminal investigation is a way of ensuring publication will be delayed for years.
Mandelson is already facing meltdown in the West Midlands, this is just crude damage limitation.
The ‘Man’ is a curse to British industry, we have been down this line before with the Tories over Matrix Churchill, it was only when Alan Clarke told the unvarnished truth in Court about the Government’s role did the action against the Directors collapse.
In the Stasi State that is the UK now being a Director of a company is morely likely to be a road to financial ruin that financial wealth, I would advise nobody to sign up to being a Director of a company without looking at what the BERR can do to you.
In fact I would strongly advise you to move your business out of the UK while Mandelson is anywhere near the levers of power.