Former BHS owner prosecuted by United Kingdom pensions watchdog


Former BHS owner prosecuted by United Kingdom pensions watchdog

The Pensions Regulator (TPR) will prosecute former BHS owner Dominic Chappell over failing to provide documents it asked for during its investigation of the acquisition of the chain of stores.

Dominic Chappell's company bought BHS from the colorful millionaire Sir Philip Green, pictured, in March 2015.

The collapse of BHS led to 11,000 job losses and left 19,000 BHS pensioners facing a cut in their retirement income.

In a statement, the regulator said Chappell had failed to comply with three notices requesting information about BHS and its pension schemes, sent between April 2016 and February 2017.

Chappell's summons to appear at Brighton Magistrates' Court on 20 September 2017 comes as the regulator takes action over alleged failure to comply with three separate notices dating from April a year ago.

When BHS was placed into administration a year ago, Sir Philip and Chappell were criticised by MPs and national media for their perceived roles in the collapse and the uncertainty surrounding the company's pension scheme. He promised to inject millions of pounds, but 13 months later, BHS went into administration.

"I'll be consulting the House of Commons' lawyers on when I can begin to unlock that puzzle, so that Mr Chappell has a fair trial".

Meanwhile, the Insolvency Service, the government department that investigates bankrupt companies, is also investigating Mr Chappell.

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