Frank Field, the chair of the work and pensions committee, responded: “Richard Caring refuses to tell us how much he was paid by Lady Green in 2006 for his secret shareholding.
“He tells us that this is private, and not within the scope of our inquiry.
“On the contrary: understanding these mutually beneficial secret deals, understanding exactly how Sir Philip Green managed to make BHS so lucrative for his family in the early years, is crucial to understanding the mess we are in now, with 11,000 jobs and 22,000 people’s full pension entitlement on the line.”
A spokesman for Caring said he had cooperated with the select committee in the investigation and has provided two letters with comprehensive answers to their requests.
The spokesman added: "This was a private transaction that took place ten years ago between Mr Caring and Lady Green. There was no commitment of BHS funds involved in the sale of shares, nor did it have an impact on the BHS pension fund."
Caring, who also owns Annabel’s nightclub in Mayfair, received £93.5 million in dividends during his ownership.
The value of his companies’ supplies to BHS was around £169 million between 2003 and 2015. His businesses were left with collective bad debts in excess of £850,000 from the administration.
BHS failed in April this year, 13 months after it was sold for £1 by Green to Retail Acquisitions, led by serial bankrupt Dominic Chappell.
