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Sir Philip Green sends warning to MP Frank Field

Arcadia boss Sir Philip Green has warned Frank Field to read a letter from his lawyers “very, very carefully” after the MP claimed to have new evidence about the BHS pension settlement in a radio interview.

In the letter, Green accused Field of giving a “disgraceful” interview and of continuing “bitter and personal attacks”.

He wrote: “You claim to have new dynamite evidence against me. How can this be the case when the document you referred to on the radio is not new; it is a document produced by the Regulator last year? I have no idea what the case you mentioned has to do with me other than to assume you are using it as a further opportunity to attack me.

“I sat in front of your parliamentary hearing for some six hours during which I said I would sort the pension. I believe I have kept my word and, on a strictly voluntary basis, have paid £363m in cash, which was the amount both the Pensions Regulator and the Pension Protection Fund asked me to meet for the pension commitments they requested.”

The letter concludes: “You will today receive a letter from my lawyers which you should read very, very carefully in order that you clearly understand the content and seriousness of your actions.”

It is understood that Green’s lawyers letter warned any disclosure of that evidence would be a breach of pensions law.

Drapers has approached Frank Field for a response.

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