The father and son behind the property company that helped to bankroll Dominic Chappell’s takeover of BHS have been called to appear in front of MPs. They have already heard from Arcadia executives, pension trustees and advisers who worked on the sale of the company to Retail Acquisitions. Retail Acquisitions received millions of pounds of payments and loans from BHS during its 13-month ownership of the business. The business then made millions of pounds from a series of property deals and loan agreements with the retailer. Field has also written to Grant Thornton and Olswang, the advisers to Chappell’s consortium Retail Acquisitions, asking for details about the fees they received from working on the sale of BHS.

Source: The Guardian June 01, 2016 12:33 UTC