Sir Philip Green has instructed lawyers to demand an immediate apology from Frank Field, one of the senior MPs who led an inquiry into the failure of BHS. I am trying to find a solution for the BHS pension and am continuing to work with the regulator to achieve an outcome ... Green alleges that Retail Acquisitions misused BHS funds and that Chappell falsely represented his business credentials. Green had sold BHS for £1 just over a year earlier to a consortium led by Dominic Chappell, a serial bankrupt. Field himself revealed the existence of the legal letter, telling the BBC that he thought Green’s conduct was “displacement therapy”.

Source: The Guardian July 25, 2016 22:07 UTC