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https://www.theguardian.com/business/2017/jun/27/sir-philip-...

> it had found that “the main purpose of the sale of BHS was to postpone BHS’s insolvency to prevent a liability to the schemes falling due while it was part of the Taveta group of companies ultimately owned by the Green family, and/or that the effect of the sale was materially detrimental to the schemes.”

IE, Green underfunded the pension scheme in order to pay himself several hundred million pounds, and then sold the company off to escape liability for it. He "voluntarily" paid back £363 million in order to end an investigation that might have resulted in him being jailed.




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