The liquidators of BHS are conducting a detailed investigation into property transactions that took place during the regimes of Sir Philip Green and Dominic Chappell, including whether the directors of the retailer breached their duties.
Insolvency practitioners have a legal duty to review the conduct of the directors of a collapsed company, but the scope and depth of the BHS investigation is rare.
FRP Advisory is undertaking a massive exercise in data collation, according to one source close to the winding up of BHS.
BHS collapsed into administration last April, leading to the loss of 11,000 jobs and leaving a £571m pension deficit. A parliamentary investigation into the failure of the department store chain concluded that it had …
Read the full article at: https://www.theguardian.com/business/2017/jan/02/bhs-liquidator-property-deal-investigation-green-chappell