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Business

Revealed - the chaos in the BHS boardroom

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Opening sequence

Business

Revealed - the chaos in the BHS boardroom

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COMING UP:Revealed - the chaos in the BHS boardroom

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Transcript

00:00:01
>> Dominic Chappell called before lawmakers Wednesday to explain his role in the collapse of BHS. He bought the British retailer for just one pound in 2015 from billionaire Sir Philip Green. So it wound up last month. Reuters UK correspondent Paul Sandle says there was a state of war in the boardroom.
00:00:20
>> It's unbelievable at the top of a major British company that employs 11,000 people, has been on the high streak for more than 80 years, more than a 160 stores, they're still trading, obviously making a loss and the staff is still coming trying to make this business work.
00:00:35
And at the same time, all this financial mismanagement was happening at the top.>> Former directors of BHS also grilled, describing Chappell as a fantasist who had his fingers in the till. Chief Executive Darren Topp said he was even threatened by him for questioning a transfer of one and half million pounds out of the company.
00:00:54
>> And if you kick off about it, I'm gonna come down there and kill you. And he threatened to kill me again. And I said to him you threaten me that again, Dominic, and I'll go please.>> Chappell blaming Sir Philip Green for the eventual collapse of the company.
00:01:07
And Pease though accusing Chappell of blaming everyone but himself, although he did eventually apologize.>> We will craft all of the downfall of BHS.>> The pension's regulator is investigating a 571 million pound deficit in the company's pension pot. So Philip Green will face questions about that next week.
00:01:27
And is expected to be asked why he thought Dominic Chappell was a suitable person to sell the company to in the first place.