Belfast Telegraph

Sir Philip Green tells MPs not to leap to conclusions about BHS

By Revender Sembhy

Sir Philip Green has broken his silence over the collapse of retailer BHS, claiming that he wishes to correct "inaccurate and misleading" reports about his conduct when he faces MPs.

In a letter to MPs Frank Field and Iain Wright, chairs of the select committees that have called Sir Philip to appear before them, the retail tycoon cautioned them about "jumping to conclusions" over his role. Referring to statements by various MPs claiming he asset-stripped BHS, dumped it with a £571m pension deficit and should lose his knighthood, the billionaire said: "These statements suggest that you are leaping to conclusions before any evidence from any witness has been heard.

"They suggest that there will be no real attempt to run your inquiries in a fair way and that the outcome is predetermined."

Sir Philip has come in for widespread criticism after the retailer collapsed, a year after he sold it for £1, putting 11,000 jobs at risk and leaving a £571m pension fund black hole.

MPs will probe the billionaire over a £400m dividend payment made to his family from the business and his management of the pension scheme.

Belfast Telegraph

Popular

From Belfast Telegraph