- MPs examining BHS have written to the Serious Fraud Office and insolvency regulators offering to cooperate with their investigations
- Work and pensions committee chairman says he wants to “shed light on what has happened to BHS”
- BHS is now the subject of three separate investigations
MPs examining BHS have said they will cooperate with the Serious Fraud Office and insolvency regulator in their respective investigations.
The chairman of the work and pensions committee, Frank Field, told the Serious Fraud Office (SFO) boss David Green that MPs wanted to “shed light on what has happened to BHS and identify any regulatory, supervisory or legislative deficiencies” in its pension scheme, according to The Guardian.
The SFO is understood to be conducting preliminary inquiries into Retail Acquisitions, which bought BHS from Sir Philip Green for £1 a year ago, but has not confirmed or denied this.
The embattled retailer, which formally entered administration last month and has a pension deficit of £571m, is already the subject of at least three inquiries, including the Insolvency Service investigation led by business secretary Sajid Javid.
On Tuesday, Sir Philip Green agreed to appear before two Commons committees to answer questions about the collapse of BHS.