Former BHS boss convicted for failing to turn information over to regulator

Dominic Chappell convicted

BHS butcher found guilty: Dominic Chappell faces huge fine and demand for £10m after failing to come clean over pension black hole

Mr Chappell, a former bankrupt, bought the department store chain from Sir Philip Green for £1. We feel this case has not been treated fairly and we will look deeply into this'.

Days later The Pensions Regulator demanded hundreds of documents from him in relation to the firm's £571million pension black hole. It is not the one we were looking for.

BHS plunged into administration 13 months after Chappell acquired it, affecting 11,000 jobs and around 19,000 pension holders due to a £571 million pension black hole.

The self-described entrepreneur had claimed he did "everything and more" to help The Pensions Regulator (TPR) but was convicted of three charges under the Pensions Act 2004 after a four-day trial.

Ashworth said: "All the requests made were valid and reasonable and all the time frames to fulfil these requests were also reasonable".

But he accused the regulator of being responsible for the leak.

Nicola Parish, TPR's executive director of frontline regulation, said the regulator was satisfied with the outcome of the case - its fifth criminal conviction against individuals or organisations failing to comply with section 72 notices.

Dominic Chappell was charged with neglecting or refusing to respond to three notices demanding vital documents and information relating to the purchase of the company, the newspaper reported.

Green later agreed to pay £363 million towards the pension deficit.

Chappell was hauled before Brighton Magistrates' Court to answer the allegations.

Chappell claimed bin bags of documents had been put in an "industrial size shredder" in the auto park of Sir Philip's Arcadia-run BHS offices.

The businessman at the helm of BHS when it collapsed is facing an unlimited fine after being convicted of failing to co-operate with The Pensions Regulator (TPR).

As well as causing some sniggers in court over the complained-of "heavy cough", there was more laughter when it was pointed out to Chappell that he had got his own age wrong, being 51 and not 50 as he had told the court. "TPR's determinations panel is considering evidence submitted by various parties and is expected to be in a position to issue its written determination notice to affected parties in the coming weeks", the regulator's spokeswoman said.

In any case, district judge William Ashworth, sitting at Brighton Magistrates Court, seemed unimpressed with Chappell's credibility as a witness, saying that said some of Chappell's evidence was "not credible" and some of his answers "making no sense".

Latest News