Shamed Sir Philip Green threatens to sue MP Frank Field who said he was ‘much worse’ than Robert Maxwell for ‘plundering BHS’
The MPs’ probe branded Green “the unacceptable face of capitalism” for enriching himself and then abandoning BHS
SIR Philip Green has threatened to sue an MP for accusing him of plundering BHS and comparing him with Robert Maxwell.
The under-fire tycoon hit out after he was accused of being “much worse” than the crooked media magnate.
It also emerged PM Theresa May wants to ban predatory takeovers as part of her pledge to “reform capitalism” after the BHS scandal.
The Commons work and Pensions Committee published a damning report into the retail chain’s collapse.
MPs branded Green “the unacceptable face of capitalism” for enriching himself then flogging BHS to a bankrupt for £1, with the loss of 11,000 jobs.
Committee chairman Frank Field later told BBC Radio 4 that Green, 64, was “Napoleon” and “much worse” than Maxwell.
The Daily Mirror owner plundered millions from his company pension funds before his 1991 death.
Green’s law firm Schillings has demanded an apology.
But asked whether he would say sorry, Labour’s Mr Field said: “God no, of course not.
“I’m waiting for an apology from him to the 22,000 pensioners he has left out of pocket and the 11,000 workers he has left out of a job.”
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Mr Field also told the Daily Mail: “This is tainted money. Clearly the advisers knew their names were being used to give credibility to an absurd operation.”
There have been calls for billionaire Green to be probed by the Serious Fraud Office and stripped of his knighthood.
Last night he said in a statement that he was “sad and sorry for all the BHS people caught up in this horrid story”.
He also insisted he was trying to find a “solution” for the £571million BHS pension hole.
Speaking from his £100million yacht in Malta harbour as Brit holidaymakers made rude gestures towards him, Green said he felt “badly let down” by businessman Dominic Chappell, who bought BHS last year.
But the Topshop boss claimed the Parliamentary report was “the predetermined and inaccurate output of a biased and unfair process”.
No10 said Mrs May found the report “clearly concerning”.