Former BHS owner fined £87,000 over collapse

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Dominic Chappell

Dominic Chappell has been fined a total of £87,170 following a court battle in which he was charged with three counts of failing to provide information to The Pensions Regulator.

The court case related to Chappell’s role in the downfall of former high street giant BHS, which he bought from Sir Philip Green for £1 a year before it collapsed, leaving a £571 million pensions deficit affecting 22,000 people.

A former bankrupt, Chappell was convicted last month for failing to provide documents to the regulator both before and after BHS’ collapse.

He told the court this afternoon the “great perception of me having made millions from BHS” was untrue.

He was fined £50,000 in relation to the conviction and ordered to pay a further £37,000 in court costs.

The court heard that Chappell would have to take out a loan to pay off the fines.

District Judge Gary Lucie said: “There’s been a complete lack of remorse on Mr Chappell’s part.

“Even when asked questions about his means he gave a self-serving and uninvited diatribe about the case.

“His counsel… said he was a ‘victim in all this’ – in my mind that cannot be further from the truth.”

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