Sir Philip Green agrees to Commons grilling over the collapse of BHS

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Businessman Sir Philip Green has agreed to appear before two parliamentary committees investigating the collapse of BHS.

Sir Philip has come in for widespread criticism after the 90-year-old high street chain fell into administration just months after he sold it for £1, putting 11,000 jobs at risk and leaving a £571 million pension fund deficit.

House of Commons Business Committee chairman Iain Wright said that he would be questioned about "enormous sums" totalling more than £400 million taken out of BHS in dividends over a four year period.

The Commons committee office confirmed that Sir Philip has contacted Parliament to confirm he is ready to answer MPs' questions.

He will appear before a joint hearing of the Business Committee and the Work and Pensions Committee at a date yet to be fixed in mid-June.