BHS OWNER’S EXCUSE
FORMER BHS owner Dominic Chappell claims he failed to provide information to the pension regulator because he was ‘locked out’ of the firm by administrators after its collapse, a court heard.
Thrice bankrupt Chappell, 51, was the director of Retail Acquisitions, the company that acquired BHS for just £1 from billionaire Sir Philip Green in 2015.
He is accused of failing to give information about the High Street chain’s two pension schemes to investigators after it folded with the loss of thousands of jobs.
The chain went into administration in April 2016, leaving a £571m pension deficit.