UK. Former BHS owner Dominic Chappell forced to pay £124,000 for failing to provide information about pension scheme
BHS went into administration in April 2016 leaving a pension deficit worth £571m, following Sir Phillip Green’s sale of the business to Mr Chappell the previous year.
Sir Philip Green ordered to pay £363m into BHS pension scheme
The Pensions Regulator (TPR) says it requested vital information about the sale of the business and its pension scheme from the former bankrupt three times.
The ruling follows an appeal from Mr Chappell against his original conviction in January.
BHS owner fined by pensions regulator
Judge Christine Henson QC said his appeal was “completely without merit” and that he showed a “complete lack of remorse” for his actions.
She added: “It was persistent. It was deliberate. It was a blatant refusal to comply with the requests.
“His refusal to comply with the Section 72 requests caused significant delay to TPR’s task. It made their work significantly more difficult.”
Nicola Parish, executive director of frontline regulation at TPR adds: “His repeated claims that he does not have to give us what we have been seeking have now been rejected by two different courts.
“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.”
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