Former BHS boss Dominic Chappell to be sentenced next week for failure to help Pensions Regulator
Former BHS boss Dominic Chappell is to be sentenced next week for failing to provide information to the Pensions Regulator regarding the sale of the troubled department store.
Chappell will be sentenced for three counts of breaching Section 72 requests for information from the regulator into the sale of BHS by Philip Green to Chappell for just £1 in 2015.
The sentencing will take place at Hove Crown Court next Friday.
In January this year Chappell was convicted at Brighton Magistrates’ Court of three offences of neglecting or refusing to provide information and documents without a reasonable excuse. A different judge then sentenced Chappell to pay a £50,000 fine, £37,000 costs and a £170 victim surcharge.
Chappell appealed his conviction and sentence in September, which he lost after a judge at Hove Crown Court said his evidence was “entirely unbelievable”.
In 2015, billionaire Green sold BHS to Chappell for just £1. The department store collapsed the following year with the loss of 11,000 jobs and a pension deficit of £571m.
The pension deficit was later plugged by Green, who was persuaded to put in £363m to cover some of the costs.