The government has ordered the insolvency watchdog to launch an immediate investigation into the circumstances surrounding BHSs slump into administration.
The business secretary, Sajid Javid, instructed the Insolvency Service to consider the extent to which the conduct of the directors of BHS led to its collapse into insolvency last week, putting 11,000 jobs at risk. The investigation will not only look at the role of the directors, led by Dominic Chappell of Retail Acquisitions, at the time when administrators were called in, but their predecessors, led by Sir Philip Green.
I have asked the Insolvency Service to bring forward its investigation rather than wait three months for the administrators to report before launching their inqu…
Read the full article at: http://www.theguardian.com/business/2016/may/03/insolvency-service-investigate-bhs-administration