MPs to scrutinise Sir Philip Green’s link with influential banker Michael Sherwood of Goldman Sachs

”Parliamentary committee investigating collapse of BHS will this week question Michael Sherwood of Goldman Sachs.

sherwood goldman sachs

Michael Sherwood has advised Sir Philip Green for more than a decade.

There is growing anger about the collapse of BHS because Green and other investors collected more than £580m in dividends, rental payments and interest during the tycoon’s period in charge. Retail Acquisitions also collected at least £17m from the retailer despite owning it for just 13 months.

MPs are investigating how the BHS’s pension scheme ended up heavily in deficit and why Green sold the company to Chappell.

The Goldman trio will be grilled on claims by Retail Acquisitions and its advisers that the bank acted as the “gatekeeper” for Green during the sale process.”

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