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Dominic Chappell ordered to pay £87,000 for failing to provide information about BHS sale | Dominic Chappell ordered to pay £87,000 for failing to provide information about BHS sale |
(about 1 hour later) | |
Former British Home Stores (BHS) owner Dominic Chappell has been ordered to pay £87,170 for failing to provide information to pensions investigators looking into the retailer’s collapse. | |
District Judge Gary Lucie handed three-times bankrupt Mr Chappell a £50,000 fine and ordered him to pay £37,670 in court costs at Barkingside Magistrates’ Court in London on Friday. | |
Judge Lucie said that there had 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,” the judge said. | “Even when asked questions about his means he gave a self-serving and uninvited diatribe about the case,” the judge said. |
“His counsel Mr Levy said he was a ‘victim in all this’ – in my mind that cannot be further from the truth.” | |
Mr Chappell had not fully disclosed his financial situation and had failed to tell prosecutors about the property he owns in Dorset, Judge Lucie said. | Mr Chappell had not fully disclosed his financial situation and had failed to tell prosecutors about the property he owns in Dorset, Judge Lucie said. |
Mr Chappell told the court that he earned between £2,700 and £3,000 per month and had “huge amounts of cash flooding out the door“ | Mr Chappell told the court that he earned between £2,700 and £3,000 per month and had “huge amounts of cash flooding out the door“ |
The judge rejected that account and said Mr Chappell had “extensive outgoings” and must be accruing more income than he claimed. | The judge rejected that account and said Mr Chappell had “extensive outgoings” and must be accruing more income than he claimed. |
Mr Chappell had earlier told the court he was “financially crippled” and would have to take out a loan to pay any fine. | |
The “great perception of me having millions from BHS” is not true, Mr Chappell said. | The “great perception of me having millions from BHS” is not true, Mr Chappell said. |
“I’m in arrears on a number of bills at the moment – I can’t afford to pay,” he added. | |
The court heard that Mr Chappell pays £3,800 a month in rent for his Dorset home, around £2,500 per month for private school fees and £32,000 a year to rent a Range Rover. | The court heard that Mr Chappell pays £3,800 a month in rent for his Dorset home, around £2,500 per month for private school fees and £32,000 a year to rent a Range Rover. |
The Pensions Regulator has issued Mr Chappell with a £10 million contribution notice. Mr Chappell has been under the spotlight since BHS went into administration in April 2016, leaving a £571m pension black hole. | The Pensions Regulator has issued Mr Chappell with a £10 million contribution notice. Mr Chappell has been under the spotlight since BHS went into administration in April 2016, leaving a £571m pension black hole. |
Sir Philip Green, who sold the retailer to Mr Chappell for just £1 around a year before its demise, has agreed to pay £363m towards funding the deficit. | Sir Philip Green, who sold the retailer to Mr Chappell for just £1 around a year before its demise, has agreed to pay £363m towards funding the deficit. |
Additional reporting by PA | Additional reporting by PA |
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