Wednesday, June 1, 2016

City ally of Philip Green advised fraudster who tried to buy BHS

Robin Saunders, who helped Green raise funds to buy chain in 2000, was part of due diligence team led by Paul Sutton

A top City banker, who is a close confidant of Sir Philip Green, advised the convicted fraudster who tried to buy BHS during 2013 and 2014, documents seen by the Guardian reveal.

Robin Saunders, the banker once known as “the queen of the City” and who helped Green raise the funds to buy the chain in 2000, was part of the team conducting due diligence on the retailer being led by Paul Sutton, a 59-year-old bankrupt businessman who was sentenced to three years’ imprisonment after being found guilty in absentia of embezzlement in France in 2002.

Related: BHS ex-owner blames Philip Green for retail firm's collapse

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from Mergers and acquisitions | The Guardian http://ift.tt/1O5KPSk

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