BHS Scandal

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BHS Scandal

Post by Irn Bru on Thu Jun 09, 2016 12:18 am

The former owner of BHS, Dominic Chappell, has been accused of being "a liar" who had his "fingers in the till" by top BHS managers.

The claims were made to MPs at a hearing into the collapse of the firm.

In a scathing attack, the ex-chief executive of BHS, Darren Topp, alleged Mr Chappell threatened to kill him during a row over company money.

Mr Chappell described that claim as "absolute rubbish" in a comment to a reporter after he had given evidence.

Mr Chappell, whose Retail Acquisitions bought BHS for £1 last year, defended his recovery plan for BHS, saying it had been "credible and viable".

He told MPs that as the 163-store chain teetered on the edge of collapse, Sir Philip Green, whose Arcadia group sold BHS to Mr Chappell last year, scuppered a rescue deal with Mike Ashley, the owner of Sports Direct.

However, Sir Philip has denied knowing of any bid interest from Mr Ashley.
'Premier League liar'

Earlier, Mr Topp said he initially took Mr Chappell's claim to be a turnaround specialist and property expert at face value. When Mr Chappell's promises "unravelled", rather than "putting money in" he had "his fingers in the till," Mr Topp said.

http://www.bbc.co.uk/news/business-36476860

Another scandal of people at the top ripping millions out of the business they were responsible for leaving 11000 employees wondering what's going to happen next. No doubt no one will be charged for this just like most of the bankers who walked off scot free with money in their pockets to last a lifetime. What ever happened to corporate governance and due dilligence in commercial transactions?

Just like Rover all those years ago whe the directors milked the company= cheating lying gits.


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Re: BHS Scandal

Post by eddie on Thu Jun 09, 2016 1:56 pm

And you're suprised?

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Re: BHS Scandal

Post by sassy on Thu Jun 09, 2016 5:29 pm

It will end up like the Banks, it will be proved they acted illegally, 11,000 have lost their jobs and they will get away with it, probably end up getting a bonus!!!!!!!!!!!!!!!!111   grrrrrrrrrrrrrrrr!!!!!!!!!!!!!!!!

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