Categories: General

BHS ex owner Dominic Chappell failed to give pension information

Image copyright
PA

Image caption

Dominic Chappell is accused of failing to provide information to The Pensions Regulator

The man who bought BHS for £1 must pay £124,000 for not providing documents about the collapsed department store’s pension schemes, a judge has ruled.

The Pensions Regulator (TPR) asked Dominic Chappell three times for data about the sale and failure of BHS.

Mr Chappell failed in his appeal against his conviction from January and was sentenced again at Hove Crown Court today.

BHS went bust in April 2016, leaving a £571m pensions deficit.

Mr Chappell, a former bankrupt, bought BHS from Sir Philip Green in March 2015 through his business Retail Acquisitions (RAL).

Image copyright
Getty Images

Image caption

BHS collapsed under a pile of debt in 2016

Judge Christine Henson QC said Mr Chappell’s appeal was “completely without merit” and that he had shown a “complete lack of remorse” for his behaviour and ordered him to pay a £50,000 fine and £73,900 costs.

She said Mr Chappell’s action “was persistent. It was deliberate. It was a blatant refusal to comply with the requests”.

Nicola Parish, TPR’s head of frontline regulation, said: “Information notices are a vital investigative tool for us.

“As this case shows, if you ignore them you are committing a crime and should expect to be prosecuted.”



Source by [author_name]

Share
Published by

Recent Posts

TEST: Living Like a RockStar: Get in Front of YOUR Money (Part 4)

TEST... If it is alright with you, would it not be better to make it…

2 years ago

TEST: Living Like a RockStar: Zero Fear Selling & Having it YOUR Way (Part 5)

TEST... Would it be okay with you if selling was just easy? Would you be…

2 years ago

TEST: Where To Get No Cost Royalty Free Music For Your Videos

TEST... Adding music to your videos can help to increase engagement, sales and more. We…

2 years ago

TEST: Today We Talk About Needs in Ben’s Ride Along video

TEST... This is very rarely discussed. And it is one of the most powerful things…

2 years ago

TEST: Sell These Videos For $500 or More Each?

TEST... In this video, I show you (Watch Over My Shoulder Style) how you can…

2 years ago

TEST: The “Shell Shock Habit” – RockStar Entrepreneur

TEST... More times than not, you may find that the thing holding you back has…

2 years ago