Pension watchdogs are set to force Lady Green – dubbed Lady Shifty – to write a cheque to help aid the 22,000 former staff left high-and-dry by the failure of the high street giant.
BHS finally closes tomorrow and Green’s wife, Tina, controls the family fortune.
The Pensions Regulator said last night it is investigating her after making slow progress with her husband.
Labour MP Frank Field, the chairman of the work and pensions committee which investigated BHS, said: “Lady Tina is now firmly in the frame.
“Although the last shops are closing, the net is closing around Sir Philip Green.
“It now includes his wife’s assets and the Serious Fraud Office is looking to see whether there is any evidence of fraud by deception.
“A number of bulldogs have firmly got their teeth into Sir Philip’s backside, and there they will remain until a cheque is produced.”
Sir Philip, 64, sold BHS for £1 to three-times bankrupt Dominic Chappell in March last year.
While administrators wind up the88-year-old business and staff turn up for their final shifts Sir Philip has been on a five-week Greek island odyssey on the couple’s £100 million super yacht Lionheart.
Lady Green has spent two months on the yacht and was pictured hiking in Corfu this week.
MPs slammed Sir Philip as the “unacceptable face of capitalism” and called for him to be stripped of his knighthood.
Having initially excluded Lady Green, 67, from its investigation, the Pensions Regulator is understood to have broadened its inquiry and is focusing on the movement of assets within Sir Philip’s empire since he bought BHS in 2000.
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