Pensions Regulator to prosecute ex-BHS owner Dominic Chappell

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The UK's Pensions Regulator (TPR) is to prosecute the owner of collapsed high street chain BHS for failing to provide information to its investigation.

When BHS was placed into administration past year, Sir Philip and Chappell were criticised by MPs and national media for their perceived roles in the collapse and the uncertainty surrounding the company's pension scheme.

Chappell has been summoned to appear at Brighton Magistrates" Court on 20 September 2017 "to face three charges of neglecting or refusing to provide information and documents, without a reasonable excuse'. The offence carries a potentially unlimited fine.

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Chappell's Retail Acquisitions Limited (RAL) vehicle bought BHS in 2015 from Sir Philip Green.

The Pensions Regulator's investigation into BHS has been reignited as it announces it intends to prosecute the majority shareholder of the company that purchased the retail giant. Billionaire Sir Philip, who faced a public outcry and a parliamentary inquiry, agreed to pay £363million to partially plug the retailer's £571million pension deficit.

Frank Field, chairman of parliament's Work and Pensions Committee which interrogated both Chappell and Green as witnesses over the retailer's collapse, suggested the regulator was "frightened of landing the whale".

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"Why was Sir Philip Green allowed to get away with an inadequate settlement, in which pensions have been cut, yet Dominic Chappell is going to be sued?"

BHS plunged into administration past year, impacting 11,000 jobs and around 19,000 pension holders, leaving a £571 million pension deficit.

RAL was put into liquidiation in May 2017.

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