Former BHS owner Dominic Chappell has been discovered responsible for neglecting to provide details about the condition of the pension fund after high street shops store collapsed in 2016.
The self-described entrepreneur had claimed he did “everything and much more” to assist The Pensions Regulator (TPR) but was charged of three charges underneath the Pensions Act 2004 following a four-day trial.
Throughout the proceedings at Brighton Magistrates’ Court the 51-year-old, who confirmed in front of the verdict he would appeal any conviction, was explained his defence lawyer like a “scapegoat” within the wake from the chain folding.
But he was discovered to possess didn’t have reasonable excuse because of not supplying the data requested by TPR, using the prosecution suggesting he’d been “creating the defence because he goes along”.
Chappell have been requested to supply information to TPR underneath the Pensions Act upon two occasions in April and could 2016 along with a third amount of time in Feb 2017.
The 3rd charge associated with a request by TPR for details about an alleged leak of knowledge from the private “warning notice” sent in November 2016.
While there has been effective prosecutions introduced previously, including one lady who had been attempted in her own absence, Chappell may be the first person to become charged after denying this kind of offence at trial, the TPR stated.
Chappell, of Clenston Manor, near Blandford Forum in Dorset, was the director of Retail Acquisitions, the organization that acquired BHS for £1 from millionaire Mister Philip Eco-friendly in 2015.
The company entered administration in April 2016, departing a £571 million pension deficit. Mister Philip later decided to pay £363 million towards it.