Dominic Chappell convicted of withholding information from TPR on BHS

Dominic Chappell convicted of withholding information from TPR on BHS

"Dominic Chappell failed to provide us with information we had request in connection with our investigation into the sale and ultimate collapse of BHS, despite numerous requests".

The watchdog accused Chappell of failing to respond to the three section 72 notices, which demanded him to supply information related to its investigation into the sale and collapse of the former department store chain.

Chappell now faces an unlimited fine, having been found guilty on all three charges.

The regulator said they requested information from Chappell on three occasions - twice in 2016 and once again previous year.

However, The Guardian reported that the court rejected these assertions, with district judge William Ashworth stating some of Chappell's evidence "making no sense" or was "not credible".

Chappell's defence included claims that he could not provide information as he had been locked out of BHS's headquarters after it collapsed, and that he had allegedly done "everything and more" to help The Pensions Regulator with its probe.

Chappell, of Clenston Manor, near Blandford Forum in Dorset, was the director of Retail Acquisitions, the company that acquired BHS for £1 from billionaire Sir in 2015. They all lost their jobs. He said: "As you can imagine, I'm extremely disappointed and annoyed about the outcome. This conviction shows the courts recognise its importance and that anyone who fails to co-operate with our information notices risks getting a criminal record".


Within days of the deal, The Pensions Regulator was demanding hundreds of documents in relation to what is said was a £571m black hole in the BHS pension fund.

He added: "We feel that this case has not been treated fairly and we will look deeply into this". It's not the one we were looking for.

The regulator, which has a responsibility to safeguard pensions, moved to protect the savings of 19,000 members.

Appearing at Brighton Magistrates Court, Mr Chappell argued that he didn't have the information available because he had been shut out of his office at BHS after administrators took over.

While there have been successful prosecutions brought in the past, including one woman who was tried in her absence, Chappell is the first person to be convicted after denying such an offence at trial, TPR said.

The case has been adjourned to 19 January, when sentencing will occur at Winchester Crown Court. A separate anti-avoidance action from TPR against him is continuing.

Related Articles

  • African immigrants in Raleigh 'insulted' by Trump's vulgar remarks

    African immigrants in Raleigh 'insulted' by Trump's vulgar remarks

    He later tweeted that he has "never said anything derogatory about Haitians other than Haiti is, obviously a very poor and troubled country".

    Burning Stock on the move: Exxon Mobil Corporation (NYSE:XOM)

    Pineno Levin & Ford Asset Mngmt holds 1.86% of its portfolio in Exxon Mobil Corporation (NYSE: XOM ) for 49,399 shares. The stock has a market capitalization of $368,330.00, a PE ratio of 28.32, a PEG ratio of 1.42 and a beta of 0.82.

    Wells Fargo & Company (WFC) Shares Sold by Willingdon Wealth Management

    The Connor Clark & Lunn Investment Management Ltd holds 171,878 shares with $24.36 million value, up from 139,903 last quarter. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business.
  • Nomura Reiterates "Buy" Rating for Alibaba Group (BABA)

    The stock of Alibaba Group Holding Limited (NYSE:BABA) earned "Accumulate" rating by Standpoint Research on Monday, January 9. First Eagle Investment Management LLC acquired a new stake in shares of Alibaba Group in the third quarter worth $104,000.
    Rahul to launch Karnataka campaign next month, CM confident of victory

    Rahul to launch Karnataka campaign next month, CM confident of victory

    After the meeting, the sitting chief minister told reporters that there was "no anti-incumbency" against his government. Asked about the BJP's attack on him on Hindutva issues, Siddaramaiah said: "The BJP has no issues.
    California mudslide death toll has risen to 17 with many missing

    California mudslide death toll has risen to 17 with many missing

    About a half inch per hour is enough to start mudslides , said Robbie Monroe of the National Weather Service in Oxnard. At least 13 people have died after mudslides in Southern California , the Los Angeles Times reports.
  • Dark Souls Remastered upgraded for PS4 Pro, Xbox One X, PC

    It's the little things like these that make the Switch version of Dark Souls feel less appealing. The Switch version will run at a 1080p/30fps in docked mode and 720p/30fps in handheld mode.
    Eddie Hearn: We're ready to negotiate Anthony Joshua vs. Tyson Fury bout

    Eddie Hearn: We're ready to negotiate Anthony Joshua vs. Tyson Fury bout

    To do that he has to beat Parker and Wilder. "We are very close". It's not even in question for them", he told Sky Sports .
    Legendary broadcaster Keith Jackson dies at 89, ESPN reports

    Legendary broadcaster Keith Jackson dies at 89, ESPN reports

    The announcer left an imprint on the game few can approach, with Jackson's presence immediately elevating the action on the field. Jackson began calling college football games for ABC Sports when it acquired the broadcast rights for NCAA football in 1966.
  • Gym chain bans cable news

    Gym chain bans cable news

    The company also tweeted about the change last week, and despite a massive response, Life Time chose to stick by the new policy. One man who said he "enjoys consuming news and politics" was "disappointed" with the announcement.

    Cough Syrup Containing Opioids Is Dangerous for Kids: FDA

    While today's action was meant to address prescription opioid cough/cold medications, the FDA is considering regulatory action for these OTC products as well.
    Paisley holds one-shot lead in SA Open

    Paisley holds one-shot lead in SA Open

    Chris Paisley leads by a shot from home favorite Branden Grace going into the final round of the South African Open . Of the five former Major winners in the field, South Africans Retief Goosen and Charl Schwartzel did best with 69s.