Pensions

Pensions allegations denied Pensions allegations denied by former Island Harbour director

THE former director of Island Harbour has denied charges brought by the Pensions Regulator for alleged irregularities following his acquisition of retail chain BHS.
Dominic Chappell denied failing to provide information and documents the regulator requested during its investigation into the controversial sale of BHS which ended with closure of its stores, including Newport.
The investigation centres on whether Mr Chappell should contribute to the shortfall affecting BHS pensioners.
Retail Acquisitions (RAL), headed by Chappell, bought BHS for £1 in 2015 from Sir Philip Green and RAL was put into liquidation earlier this year.
Mr Chappell appeared at Brighton Magistrates’ Court on Wednesday last week to face three charges of neglecting or refusing to provide information and documents without a reasonable excuse.
In 2006, Mr Chappell announced plans to invest £13.5 million in Island Harbour, the River Medina development, but within two years the business folded.
He was bailed to appear before Brighton magistrates on January 8 for a trial lasting up to four days.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

six − two =