Former BHS owner Dominic Chappell fined £87k
Dominic Chappell, the man who bought BHS for £1 in 2015, has been ordered to pay £87,000 for failing to hand over information to the Pensions Regulator following the department store’s collapse.
He was found guilty of refusing to provide information and documents about the sale and collapse of the company, which fell into administration in 2016 triggering the loss of 11,000 jobs.
At Barkingside Magistrates’ Court on Friday, District Judge Gary Lucie ordered Chappell to pay a £50,000 fine, £37,000 costs and a £170 victim surcharge.
Nicola Parish, TPR’s Executive Director of Frontline Regulation, commented: “We prosecuted Dominic Chappell because despite numerous requests he failed to provide us with information we required in connection with our investigation into the sale and ultimate collapse of BHS.
“Choosing not to comply with our section 72 notices has now left him with a criminal record and a bill for more than £87,000, both of which he could have avoided if he had simply done what was required of him.”
Dominic Chappell bought BHS from Philip Green, who paid £363 million to the pension fund of the department store chain in February 2017.
The brand was relaunched online a month after going bust by new owners Al Mana Group, who have transformed BHS into an online store selling homeware, lighting and clothing ranges.
Copyright © 2022 FashionNetwork.com All rights reserved.