Former BHS owner Dominic Chappell loses conviction appeal with Pensions Regulator
Former BHS owner Dominic Chappell has lost an appeal against his conviction for failing to provide information to the Pensions Regulator (TPR) following the demise of the department store chain.
Chappell was ordered to pay £87,000 in January. Today a judge ruled his conviction would not be overturned because he gave "entirely unbelievable" evidence.
In 2015, billionaire Philip Green sold BHS to Chappell for just £1. The department store collapsed the following year with the loss of 11,000 jobs and a pension deficit of £571m.
The pension deficit was later plugged by Green, who was persuaded to put in £363m to cover some of the costs.
The BBC reported that the judge hearing the case said: "We are sure Mr Chappell had access to information which would allow him to answer the majority of information required."
Chappell's lawyer said he could not comment while the sentencing was still being decided.
Read more: Ex-BHS boss Chappell slams Pensions Regulator for 'avalanche' of demands