Sky News - Sir Philip Green's relationship with Goldman Sachs said to be scrutinised

Houses of Parliament

The long-standing relationship between Sir Philip Green and Goldman Sachs will be scrutinised this week as part of a parliamentary probe into the collapse of BHS, the high street retailer.

Sky News reports they understand that MPs on the Work and Pensions Select Committee intend to examine the ties between Sir Philip, who sold BHS for £1 last year to a consortium of little-known investors, and the Wall Street bank.

Goldman provided informal advice to Sir Philip’s holding company, Taveta Investments, about the proposal to acquire BHS but was not incentivised to recommend that the deal went ahead - unlike the advisers to Retail Acquisitions Ltd (RAL), the vehicle which bought the chain.

BHS's future was plunged into doubt last month when administrators were called in after RAL failed to secure new financing needed to keep the chain trading.

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