Why was there a DTI report?
Following the death of Robert Maxwell in November 1991, his business empire collapsed as it emerged that its debts vastly outweighed its assets. It soon emerged that over 400m was missing from the pension funds. Robert Maxwell presided over an empire of some 400 companies and frequently channelled money between companies. The report was set up to look into the reasons behind the collapse of the company and more particularly, the flotation of Mirror Group Newspapers in the months prior to his death. Why has the report taken so long? Two inspectors from the Department of Trade and Industry were commissioned in 1992 to look into the Maxwell business empire. Their focus was the flotation of Mirror Group Newspapers in 1991. The report was delayed as Kevin Maxwell, his brother Ian and a Maxwell family adviser stood trial on charges brought by the Serious Fraud Office. All three were later acquitted on all counts and the inquiry resumed. Who does the report blame? The DTI report says Kevin Ma
