The accountancy firm advised four of Rover's directors - the Phoenix Four - who had taken over the company for £10m five years before its collapse.
Mr Maghsoud Einollahi, a partner at Deloitte, has been excluded from the profession for three years and received a fine of £250,000 from the Financial Reporting Council (FRC).
From this March:
The FRC contends “clear conflicts of interests”, and that Deloitte “failed to safeguard [its] objectivity”.
Deloitte said in a statement “there is no basis for the allegations”.
Paul George, executive director conduct of the FRC said:
The sanctions imposed are in line with the FRC’s aim to ensure penalties are proportionate and have the necessary deterrent effect to prevent misconduct and bolster public and market confidence.