Row over chain's collapse escalates

Green calls for inquiry chairman to resign

Frank FieldFormer Bhs owner Sir Philip Green has called on the chairman of the Westminster Work and Pensions Committee to resign over claims made about his handling of the store’s collapse.

Sir Philip will give evidence as part of the the committee’s inquiry but accused Frank Field (pictured) of being prejudiced after he said the retail tycoon should be stripped of his knighthood.

Top Shop owner Sir Philip hit back at “trial by media” following Bhs’s collapse into administration.

In a letter to news media, he referred to “inaccurate and misleading” reporting

Sir Philip, who sold BHS to Retail Acquisitions last March for £1, is under pressure to make good the £571 million pensions deficit after paing several hundreds of millions of pounds of dividends to his family.

Bhs is also being investigated by  Insolvency Service and the Business, Innovation and Skills Committee.

In his letter, Sir Philip writes about the calls for him to forfeit his knighthood and claims that he asset stripped BHS without regard to pensions and employees. “These statements suggest that you are leaping to conclusions before any evidence from any witness has been heard,” he says.

“They suggest that there will be no real attempt to run your inquiries in a fair way and that the outcome is pre-determined.”

With regard to Mr Field, he says: “”Clearly he has already made his decision as to what he feels the punishment should be without even hearing any evidence from anybody about Bhs or the circumstances of the last 15 years.”

Mr Field told BBC News that “parliament will not be bullied”.

Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.