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<p>My Rt hon Friend the Secretary of State for Business, Innovation and Skills recently
announced plans to expedite this Insolvency Service investigation. It is not appropriate
for details of the ongoing investigation to be made public as that may prejudice the
outcome of any criminal or civil cases which arise from it. This is long standing
Insolvency Service policy. However, I have met with the Insolvency Service to discuss
the conduct of the investigation and will expect to do so periodically as the investigation
progresses.</p><p> </p><p>If any directors are disqualified the Insolvency Service
will publish the details of the disqualification on its website (for three months)
and will notify Companies House, which keeps the statutory register of disqualifications.
In addition, where the investigation uncovers matters of potential criminal misconduct
or other regulatory breaches then this will be reported to the relevant authority
for further action.</p><p> </p><p>Once the investigation is completed the Government
will consider what detail it is appropriate to publish having full regard to any legal
restrictions and on the legitimate public interest in the cause of the BHS failure.</p>
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