John Towers (businessman) Industry Corporation (SAIC). Towers was heavily criticised for his role in the company's demise, and the Phoenix Consortium's conduct relating to Rover Group was initially referred to the Serious Fraud Office (SFO), although after initial investigations the SFO concluded that no further action would be taken. Following publication of a government report into the failure of MG Rover, Towers - along with the other directors of Phoenix - have been disqualified from holding any company office in the United Kingdom or have undertaken not to do so. Towers, together with the other members of PVH, ran MG Rover into the
Operation Phoenix (railway) looking for someone to blame. In 1949 a review of the Victorian Railways was commissioned by transport minister Kent Hughes, and was carried out by British Railways Chief Executive John Elliot. The report found much to admire in the management and staff, but criticised the run-down locomotives, rolling stock, and track and predicted a "final breakdown of rail transport" in ten years if nothing was done. The ideas of the report were not new, the Victorian Railways had been making plans for modernisation of their operations, but did not have the money or political will to implement them. Operation Phoenix