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Green blocked Pensions Regulator talks ahead of BHS sale

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Sir Philip Green refused a request from the eventual buyer of failed retailer BHS to speak to the Pensions Regulator over concerns about its pension scheme, the Sunday Times reports.

The firm entered administration earlier this month with a defined benefit pension deficit estimated at around half a billion pounds.

Green sold BHS to Dominic Chappell for £1.

According to documents released as part of a parliamentary inquiry into the collapse, Green refused a request from Chappell’s accountancy firm Grant Thornton.

In a previously undisclosed email Grant Thornton’s Keith Hinds said: ““I asked again for us to be able to speak with the chair of trustee and TPR. [Deloitte] asked SPG [Green] but this request was refused.”

In a six-hour evidence session last week, Green said claims he stopped Chappell speaking to TPR were “nonsense”.

The newspaper also reports attempts by Green to secure a bulk annuity policies with Paternoster and Rothesay Life prior to the financial crisis.

However, in the session last week he told MPs he was “not actively involved in pension conservations” at BHS until 2012.

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  1. Julian Stevens 22nd June 2016 at 1:36 pm

    So everyone’s lying except Philip Green?

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