Former BHS owner Dominic Chappell arrested in HMRC probe

Added 14th November 2016

Dominic Chappell, the former owner of the collapsed UK department store BHS, has been arrested as part of an investigation by HM Revenue & Customs into the tax affairs of his company Swiss Rock.

Former BHS owner Dominic Chappell arrested in HMRC probe

Chappell is understood to have been arrested at his home near Blandford Forum, Dorset, early on the morning of November 2, according to the Sunday Times.

HMRC confirmed that it had arrested a “49-year-old businessman”, the paper said.

The UK tax office is also believed to have raided an office near by belonging to Chappell.

Chappell bought two yachts, a Bentley and several Range Rovers during his time at BHS.

The closure of all of BHS’s stores after it went into administration left a £571m ($748m, €681m) pension deficit.

Earlier this month, the UK’s Pensions Regulator (TPR) launched enforcement actions against Chappell, and previous BHS owner Philip Green, aimed at seeking redress for 20,000 pension scheme members.

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Mark Battersby

Editor, International Adviser

International Adviser

Mark Battersby is editor of International Adviser. He is also programme director for International Adviser events in strategic expat locations around the world, and its flagship FundLinks conference in London. Mark joined Last Word Media in February 2012, having previously worked at Citywire, Interactive Investor International, and FT Business.

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