The Work and Pensions Committee (WPC) has told the Insolvency Service (IS) and Serious Fraud Office (SFO) it will co-operate with any probes into British Home Stores (BHS).
On 3 May Business Secretary Sajid Javid (pictured above) instructed the IS to investigate BHS's fall into administration while the SFO is understood to be looking into BHS as well.
BHS went into administration on 25 April with a pension scheme deficit of approximately £570m.
WPC chairman and MP Frank Field wrote to SFO director David Green and insolvency watchdog chief executive Sarah Albon asking both organisations to keep WPC abreast of any developments.
In both letters Field said: "Our objective is to shed light on what has happened at BHS and identify any regulatory, supervisory or legislative deficiencies."
Although Sir Philip Green has confirmed he will give oral evidence to the select committee has been invited to appear on 15 June, no firm date has been set yet.
These proceedings are part of an inquiry by the WPSC into pensions regulation and the impact of the BHS liabilities on the PPF if it absorbs the scheme.
There have been discussions about who is to blame for the BHS situation with a number of experts arguing the trustees did the best they could under the very difficult circumstances.
The Business, Innovation and Skills Committee has launched a separate inquiry into the sale and acquisition of BHS.
Its chair and MP Iain Wright said: "The sale and acquisition of BHS raises serious questions about the stewardship of the business both before, during, and after the sale. We welcome this opportunity to question the key players and we will also be keen to quiz advisers on their role in this process."
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