The Committees said this is “the unacceptable face of capitalism” and that the story of BHS begs much wider questions about the gaps in company law and pension regulation that must be addressed.
Frank Field MP, chair of the Work and Pensions Committee, said: “One person, and one person alone, is ultimately responsible for the BHS disaster. While Sir Philip Green signposted blame for 11,000 job losses and a gigantic pension fund hole to every known player, the buck stops with him."
Field added: "His reputation as the king of retail lies in the ruins of BHS.”
Iain Wright MP, chair of the Business, Innovation and Skills Committee, said: “The actions of people in this sorry and tragic saga have left a stain on the reputation of business which reputable and honourable people in enterprise and commerce will find appalling."
The Evening Standard has contacted Green and Chappell for comment.
