Image copyright Getty Images The chairman of a committee probing the collapse of BHS has asked the Pensions Regulator whether assets can be seized from former owner Sir Philip Green.
In a letter to Lesley Titcomb, MP Frank Field asks whether the pensions hole could be plugged by “acquiring assets other than cash” from Sir Philip.
Ms Titcomb is due to appear before Mr Field"s Work and Pensions Committee early on Wednesday.
Sir Philip"s assets include yachts. He could not be reached for comment.
The regulator has launched enforcement action against Sir Philip and other former owners of BHS after failing to agree a deal over the pension scheme.
BHS was left with a near-£600m deficit when the department store chain collapsed earlier this year.
There have been reports that the billionaire has offered between £250m and £300m as part of a deal to restructure the collapsed retailer"s pension scheme.
However, the Pensions Regulator has so far rejected the offer. The BBC understa..
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