• Parliamentary committees are considering calling Guy and Alexander Dellal for questioning
  • David Roberts of the law firm Olswang, and Grant Thornton’s Paul Martin may also be called
  • Chappell is scheduled to appear before MPs on June 8, and Green a week later

The property tycoons and advisers who backed Dominic Chappell’s BHS takeover could face questioning when the investigation resumes.

The parliamentary committees investigating the collapse of BHS are considering calling Guy and Alexander Dellal, who control Allied Commercial Exporters (Ace), for questioning over their involvement in Retail Acquisitions’ takeover of the department store chain.

Ace supplied Chappell with £35m so that he could prove to Sir Philip Green he was a credible buyer for the ailing department store.

Ace then made millions of pounds from a series of property deals and loan agreements with the retailer, the Guardian reports.

Work and Pensions Committee chair Frank Field may also summon Paul Martin at the accountancy firm Grant Thornton and David Roberts from law firm Olswang, who were due to appear in front of MPs last week.

Stand-ins, who did not directly advise Retail Acquisitions on the BHS takeover, were sent for questioning instead.

As first revealed by Retail Week, BHS collapsed into administration last month with a pension deficit valued at £571m.

MPs have already heard from Arcadia executives, advisers and pension trustees, and Chappell and Green are scheduled to appear before MPs in June. 

Administrator Duff & Phelps is expected to secure a rescue deal for BHS by Wednesday or Thursday this week. If a deal is not struck, liquidators are likely to be appointed, putting 11,000 jobs at risk.

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