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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