MPs summon Green to answer BHS questions

Sir Philip Green

Sir Philip Green

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FORMER BHS owner Sir Philip Green has been summoned to answer questions from MPs over the collapse of the high street chain.

Two Commons committees want to quiz the Arcadia Group boss who sold BHS for £1 last year to a consortium called Retail Acquisitions.

BHS went into administration last week putting 11,000 jobs at risk and questions have been raised over how it has racked up a £571m pension deficit.

The state-backed Pension Protection Fund could become liable for meeting much of the pension fund shortfall.

MPs on the Work and Pensions Committee are holding an inquiry into the Pension Protection Fund while the Business Innovation and Skills Committee is looking specifically at the sale of BHS.

Work and Pensions Committee chairman Frank Field MP said: “The spine of our inquiry is looking at how and where money went out of the company, to whom it went, and how this may have disadvantaged the pensioners.”

Retail Acquisitions boss Dominic Chappell and Lady Tina Green, wife of Sir Philip, are also expected to be called to appear before MPs.

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