SFO escalates its BHS investigation

Endaba Group

The Serious Fraud Office has intensified its investigation into the demise of BHS under the helm of Dominic Chappell. The SFO has contacted both the administrators responsible for handling its collapse and individuals who were running the retailer; key documentation has also been requested. This move increases the possibility of the SFO launching a formal investigation into Chappell as it is common practice for them to establish grounds before announcing an investigation publicly. Chappell has been accused of overseeing the “systematic plunder” of the company after buying it for just £1 from billionaire Sir Phillip Green. A remaining deficit of an estimated £700 million still affects 22,000 ex-employee’s pensions!