Work and Pensions and Business, Innovation and Skills Select Committees continue to quiz Richard Caring on BHS demise

 
Francesca Washtell
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BHS To Go Into Administration
The BHS debacle has prompted two parliamentary select committees to launch investigations (Source: Getty)

The two parliamentary select committees investigating BHS have deepened their inquiry into clothing tycoon and restaurateur Richard Caring.

The Work and Pensions and Business, Innovation and Skills (BIS) select Committees have written to Caring for a second time, asking 20 further questions related to his business dealings with Sir Philip Green, Lady Green and BHS.

"Why, in your expert assessment, did BHS fail?" and "What would you describe as Sir Philip’s strengths and weaknesses in running BHS?" are among the new questions posed.

The committees previously wrote to pose Caring questions on 17 June as he will be unable to attend a meeting on 29 June.

Read more: MPs want Dominic Chappell to tell them about his bonus - and why he got one

Caring, who was a minority shareholder between 2001 and 2006, provided unpaid “general assistance” to the company but was never a director and did not attend board meetings.

It has been estimated Caring received £93m in dividends from the now-collapsed high street stalwart, during his time as a more than 20 per cent shareholder.

His company Caprice Holdings owns a range of nightclubs and restaurants in the UK, including The Ivy and Annabel's.

The BHS collapse resulted in the launch of two inquiries – one from the Work and Pensions committee into the role of pensions protection and regulation and another from the Business, Innovation and Skills committee on the sale of BHS to Retail Acquisitions.

BHS: What you need to know

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