Chairman of BIS select committee unimpressed by evidence given on BHS so far
As the inquiry into the collapse of BHS continues today, chairman of the Business, Innovation and Skills Select Committee has said he is "not impressed" by the people who have given evidence so far.
Iain Wright, Labour chair of the committee looking into the sale and acquisition of BHS, told BBC 5live's Wake up to Money programme that he has been "shocked" by lack of information and knowledge interviewees have given so far, seemingly criticising regulators.
He told the BBC: "None of their powers seem to have been used."
Later today MPs on the BIS Select Committee will hear evidence from Goldman Sachs, who provided informal advice to Sir Philip Green's Taveta Investments, the parent of former BHS owner Arcadia Group, as well as KPMG, Linklaters, Arcadia Group and others.
The struggling department store is hoping to make a fresh start this week, with administrators planning to announce a new owner in the next few days. It is understood bids have come from Matalan founder John Hargreaves, Poundstretcher, and an unknown private equity group.
But the sale is taking place on a gloomy backdrop – BHS' administrators Duff & Phelps are filing a high court suit against the store's previous boss, Dominic Chappell.