Goldman Sachs’ most senior London director appeared before MPs over the collapse of BHS continues. Catch up on how the action unfolded on our live blog:
Michael Sherwood was called to give evidence to the joint Business, Innovation and Skills committee and the Work and Pensions committee over Goldman Sachs’ role in the sale of the department store chain to Retail Acquisitions - the consortium led by three times bankrupt Dominic Chappell.
Sherwood was joined at the hearing by Goldman Sachs colleagues Anthony Gutman and Michael Casey.
Goldman Sachs reportedly declined to handle the sale of BHS, but did offer some advice.
The department store business was sold by Arcadia tycoon Sir Philip Green to Retail Acquisitions for a nominal £1 in March last year, but the retailer tumbled into administration this April.
When giving evidence to MPs earlier this month, Green insisted he “one million per cent would not have done business” with Chappell had he been advised not to by Goldman Sachs.
The joint committee is also poised to hear from former BHS property director Mark Sherwood, Arcadia finance director Paul Budge, Arcadia property director Chris Harris and director of Taveta Investments Brett Alexander Palos during today’s session.