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Did they strip Philip Green of his knighthood - NO. Did he pay back all the shortfall in the BHS pension fund - NO. Did he pay UK tax on the £1.2 Billion he siphoned out of Arcadia - NO Did he get away with it - YES. I wonder if he's invited Baroness Mone onto his £100 Million yacht to compare notes?

The story still ends with a billionaire on his boat in Monaco and thousands of people out of work and cheated of there pensions

The media are viewed extremely poorly, but it’s exposures like this that are vital to keep the Phillip Green’s in check when the Govt fail to do so. This investigation is the sole reason why those poor people got their pensions

I was working for BHS over its last few years, and with hindsight, it’s no surprise that the company went under. Basically, nothing much had been updated or invested in for years. As staff, we were working with tills and other equipment from the late 90’s (for instance the tills still had a hardware button on them for paying by cheque) and if a customer wanted to order online, you were lucky if the ordering page would even load. This being the kind of thing which kept businesses afloat during the recession of the late 2000’s, you would think that they would have invested in it a lot more. I left BHS as it all ended and went to a much better retailer where there is regular investment and technology gets updated every couple of years. There is also a lot more availability of stock, and the difference is quite noticeable.

It's not enough. These fraudsters need jail time, and serious repercussions.

Let me get this straight. He's a billionaire who lives in Monaco and has a superyacht. So he's got away with it, right?

this is real journalism. keep it alive!

This man ended clothing industry in London in the 90s. Arcadia was the company that started having clothes made abroad. The government (new labour) let him get away with so much. They literally forced clothing factories to close with new rules for clothing factories creating expenses they couldn’t afford. Thousands of workers lost their jobs, with no media coverage of what was happening.

This is why journalists are needed. Stop corruption.

As a non brit I am amazed that since Maxwell neither government has done anything to protect employee pensions, its cash to loot.

How he's still in possession of that luxury yaught basically sums up all that is wrong with this country and how failed business men can put all their assets into another country and be protected. Its sickening to be honest. To pay his wife over a billion pounds, own a yaught himself worth a simular amount,just before everything he owns collapses around him, is sick. Many people really suffered in his wake, but finds protection in a tax haven of a country.

The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

He should be in prison. What a disgusting human being.

He is exactly why pension law needs an overhaul in the UK. As does the ability to close a business with huge losses on a Friday and open as a new clean business on the next Monday.

Diversifying income flow and building a strategy remains the smart way to prepare for the unexpected, stocks are falling and bond yields are rising, but markets fluctuations don't seem convinced, the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $ 300,000 stock portfolio, I want to be clear with the situation in stock prices, housing, and the financial market in general, if there are efficient ways to maximize profits without liquidation due to market fluctuations, I am open to ideas

It’s baffling to me that people can be bold enough to defraud a whole country, but too insecure to answer to it.

As a pensions lawyer, this was a joy to see. A crooked employer get skewered using pensions law as a fork. Chappell is also now allergic to Brighton after the Pensions Regulator hit him with a £9.5 million sanction.

Great investigative reporter. Keep up the good work. You are a rare gem. Ethics and professionalism. Well done 👏👏👏

My favorite high end clothing store went dark inside the Mall one day. I ran into one of the women who worked in the store, she had been there for many years, and asked her what happened. Turns out even this store owner bought a yacht, amongst other things, like cars, homes and other goodies. Things started to fall apart for him eventually and he had to declare bankruptcy. Of course all his employees were at the bottom of the list as far as their pays, holiday pays, etc., were concerned. I think this is what happens to a lot of wealthy business owners, they take so much money out of their companies that when a slump happens the rot starts to set in pretty quickly. They are usually ok, it's their employees who suffer the most. Not getting a pay cheque is quite serious for most people, not to mention being out of a job. A friend of mine also had a good thing going and was off on holiday constantly, working the odd time only, building a mansion, driving expensive cars, etc. but not paying his business taxes for several years. Finally having to face the fact that he was in deep trouble and no longer able to hide the fact that he owed a small fortune to the government - he died. All his offices closed. I remember clearly reading about CEOs and the money they were raking in when I was a secretary at a fitness club. This goes back more than thirty years or so. I asked my boss how this made any sense, or how anyone thought that this was fair. I did the math and this one guy was making about three thousand dollars a week. These days some of these CEOs make that in a minute, while the employees of the company have to go on strike to get a few pennies more a week. It is a skewed system that is not sustainable.

Lost his reputation but still has the billions of £s he swindled from the companies and lives he ruined. He still won.

This is why we need reporters like Oliver Shah.

Nice video I really appreciate that,… everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

That’s heartwarming to see Oliver Shah go to such lengths to expose those pirates. Some people still care! Such a shame so many greedy people get away with stealing pensions.

Why is PG still out of jail? Oh, yes, it’s shoplifting and protesting that require justice to be seen, not fraud and huge theft from ordinary working people.

I get so angry that corporations get away with this kind of stuff all the time. There's so much we aren't even aware of!!! Governments are hugely responsible for allowing this!!!

A healthy business will make profits for its board, shareholders and employees. There's no reason to plunder it this way and bring misery to many people. Great investigative journalism. This is the British Press at it's best.

"the fall" he's still insanely rich, he lives on one of the largest yachts in Monaco. I see him walking around Monaco from time to time shabby as hell in a tracksuit lol.

Unfortunately, Philip Green's story ends with a "he lived happily ever after", with his yacht and his millions. He's not even scratched the surface of the damage he caused.

He cheated on tax, pension fund, and still stay out of jail and keep living rich? How could you call it's a downfall?

I’m afraid I had the unfortunate experience in meeting this man at BHS Bromley. The arrogance of the man was something to be seen,after a member of the restaurant staff carrying out her duties cleaning tables politely asked Mr Green to extinguish his cigarette as he was smoking in a non smoking area...He looked up in disgust and said I can smoke here if I want I own the company, and with that he extinguished his cigarette in one of the doughnuts provided to him and his staff. She obviously didn’t realise who he was .....I did... thinking what complete Bell End he was.

Wikipedia: Early life Green was born on 15 March 1952 in Croydon, England,[6] into a middle-class Jewish family. Wow, how did I know that without even looking it up?

The notion that billionaires are rich because they're "smarter" or "work harder" than the rest of us is proven more false every day. They are just ruthless and heartless and know how to extract wealth at everyone else's expense.

my friend was a loss prevention officer in a BHS and was asked to go to the canteen get a portion of chips and then weigh them because it had been reported that they were giving away too large a portion and it was cutting into profits.

The pensioners are also to blame! They need to hire a group of ex military, offer to sell his boat and assets until their pension are paid, or make him fish food!

He was a pretty good entrepreneur and businessman in his earlier retail days. But the pensions' scandal was just pure greed. 😲

Great journalism. Well done for exposing that absolute snake of a man.

Fantastic coverage, all the scumbag businessmen need to be exposed like this.

Great work thank you for your hard work.

Brilliant piece of journalism, thank you.

This is the prat who tried to force "staff discount cards" onto staff that were actually credit cards. Then force staff into debt, with him. Then force overtime to keep up with the payments.

A very good and decent journalist. Shame that there aren’t more like him.

Excellent reporting. Well done Oliver.

This was similar to the “Enron” affair in the US. The big guys in the company where very friendly with both President Bush’s, which in a certain way protects them enough to say oh he wouldn’t do that right up until the Company collapses. These people definitely need to be put in Jail.

The British really give the knighthood to any crook, don’t they?

£400,000,000 to the pension scheme and £1,200,000,000 to himself. Unbelievable

Green was born on 15 March 1952 in Croydon, England, into a middle-class Jewish family. He was the son of Simon Green, a successful property developer and electrical goods retailer, and Alma. He has a sister, Elizabeth, five years his senior. His family moved to Hampstead Garden Suburb, a middle-class area of North London, and at the age of nine he was sent to the now-closed Jewish boarding school Carmel College in Oxfordshire.

Sir Phillip Green is very personable and seems down to earth, despite his yacht, etc. Charming!

If the British state can sequester Russian yachts, it can sequester anyone's yacht.

The pension system in the U.K. is just a big joke. Pensions money should be taken out of responsabilities of corporations and managed from a garantted third source, like state insurances etc. No pension money (asset and liabilities) should ever sit in any company balance sheet (apart from the state insurance managing it off course)

I believe he is the reason we do not have much of a high street now. Legitimate businesses wanted to buy those stores but he took them and screwed them up. He is a total disgrace and should be in jail..

Great coverage thanks

The whole honours system in the Uk is an absolute joke. Maybe only 1% of the people that really deserve them get honoured. Jacob Rees Mogg got a knighthood for pulling the UK out of the EU. Now what does that say?

UK Government needs to change the laws or keep expecting this to happen. Pensions should be protected and not able to be paid out to shareholders as dividends.

All of them are in it together... until people take justice into their own hands it will never stop

Engaging, articulate, well-spoken reporter. Appreciate correct pronunciation of "consortium."

You've only got to look at his face - says it all. Sickening to see politicians and celebs toadying up to him .

He lost millions of pounds in casino's. I worked at a casino he used to frequent, we used to pick him up from his private jet on a Monday and take him to the Dorchester where he stayed all week, on a Friday evening we'd take him back to his jet to fly back to Monaco where he lived, just to avoid paying tax. During the week he'd come to the casino most nights, when in London. I knew of one time, where he lost £9m in one night, he then returned the following night and lost another £5m, a total of £14m in two nights. That's probably where all the pension money went.

This is one of the most enjoyable and watchable short films on KZfaq - not surprising that it has 1.7m views.

Phenomenal reporting

So, basically the guy hasn’t learned anything. He’s chilling on a yacht while his loyal employees are without their pensions!

Isn't it fascinating how journalism so often does law enforcement's job.

So in UK the companies manage their own pension funds? Oh boy, what can go wrong...

Great reporting. This guy looks like John Oliver but the little brother who took journalism seriously

He should be stripped of his knighthood, but then again the whole honours system should be abolished.

I hate that the "fall" of the ultra-rich is a tarnished reputation of sorts they're forced to endure while still partying on a mega yacht, us plebs would be in jail for similar fraud.

Robert Maxwell should have been the wake-up call. Great piece of reporting by Mr.Shah.

Thx man good work

Prisons weren’t built for people like him, he’s proof that the system is fraudulent and broken. A vile specimen, if he was dying of thirst and I had a glass of water, I’d glass the C##T.

This video felt like the good old investigative journalism VICE used to be known for. Lets hope this continues..

Green was born on 15 March 1952 in Croydon, England,into a middle-class Jewish family. What a surprise...

Oliver sounds like that mate of Fran's who used to read the Shipping Forecast

SIR Philip Green is just an echo of the mentality of the upper class. How many people/slaves can you screw over for a new boat?

If anyone wonders how someone could do something like this, the man is a psychopath, and that is precisely what enables him to behave so grossly.

This is one of the greatest things I've ever watched.

I briefly dated a lady who worked for him in his top tier management team. She left his employment after a couple of years and had to take several months off to get over the stress of his management style. Some of the stories she shared were of a megalomaniacal bully but he instilled such loyalty in his staff they put up with it.

Shafting his former employees out of their pensions is worthy of a stiff prison sentence. Almost as disappointing is that Bob Hoskins is no longer available to play him in the movie.

A real journalist seeks to expose the truth and sticks to the facts. Great work

In 2016 I was on holiday in the south of France with half a dozen friends and one day we visited Monaco and we were walking slowly through the Tunnel Larvotto (famous from the Grand Prix) close to the Yacht Club, when suddenly a little fat fellow with greased back hair and dressed for execise in shorts and trainers, power-walked his way through our group. When he was completely in the middle of us, someone said "Oh look, it's Philip Green". This was not long after all the scandals and he was not pleased to be recognised alone in public without a bodyguard. We didn't say or do anything threatening, but nor did we do anything to make him feel comfortable.

There's FAR more to this story than the public will ever fully know. Hush payments, corrupt blind eyes etc, the list is endless and the people staggering!

Corporate greed always boils down to greed for personal wealth at the expense of anyone anywhere.

Wonderful documentary

This affected me personally as the partner of an ex-BHS employee of 20+ years and all the stress and financial worry that came with working for a company that was effectively run by someone akin to a crook. It's not just him we were angry with, it's the toothless government. The FSCS seems to allow companies to mismanage their obligations to pensioners who have been making their contributions and instead use their money for personal profit (or their Monaco-resident wives). Look at the current Post office scandal - absolutely nobody in positions of power ends up in prison. Sick to effing death with this sort of stuff, things need to change.

Don't need a good reputation when you already have $1.2 billion tax free and I am betting he and his wife never had ethics or morals.

I lived in Island Harbour, and this video has just made me realise what actually happened. For context Island Harbour is a total mess, there's about three blocks of flats, 2/3 remain unfinished. The harbour was polluted, and the place is a ghost town, to the point where the inhabitants don't get their bins collected because the 'owner' forgets to pay his pick-up bills. Thankfully I left rather quickly. I'm in no shock that the man who made Island Harbour isn't able to run a business, he can't even build homes. Everyone hates him on the Isle of Wight.

He's one of The Tribe; and this is how they've been doing business for Millenia.

We had all this with Robert Maxwell and the politicians said they would plug the loopholes in the pensions regulations. The campaign should be about prosecuting the people who's job it is to prosecute the thieves and do nothing.

The tribe of clean and honest journalists are very rare nowadays

Interesting that halfway through the interview he just about admits that editors are influenced by personal relationships and hush up stories because of it. Normally journalists love to say they’re not at all influenced in such a way by their owners or editors

Green was born on 15 March 1952 in Croydon, England,[6] into a middle-class Jewish family.[7]

I worked for this piece of work in the 1970's at his coat manufacturing factory in Lawrence Rd Tottenham. An absolute despicable man and his battle axe wife. He had his West End warehouse burnt for insurance money and the man who did the burning was a father of an England Manchester United football team captain. He sent this man to Focsani, Romania to work in one of his factories there so he was never interviewed by the police.

I met someone who had been a manager under Sir Phil Greed. She said he was an awful man.

He's in the league of Robert Maxwell, who too spent the latter days on his yatch in the Med (but jumped off it one night). Bob Hoskins, God bless him, could've played him in on a screen version...

big up my cousin oliver shah

So he lives in Monaco and spends his time now on his boat. Good to see that justice finally caught up with him.

As i approach 73, i remember BHS as a little boy, going in there with dear mum, then in later years again using this store, green has taken those memory from me, and should now be serving jail time AND i believe it was only the threat of losing his knighthood that made him pay money back into the pension fund.

You seem SO proud of yourself for "distroying" him...sums up your character as well 😀

the honours system is such a cracking idea !!!!!

Green should have been in jail, nothing but a complete and utter crook.

So...the bastard spends his final days on a yacht in the lap of luxury. How depressing.