Ex-BHS boss, Chappell faces the direction of ban

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The Insolvency Service proposes to adopt the necessary measures for the former BHS owner Dominic Chappell banned from holding directorships for up to 15 years.

Three other former BHS administration also face a ban, but the Insolvency Service added not search for Sir Philip Green’s disqualified.

He said that the matter can now go into court was not “appropriate” for additional comments.

According to PA, Mr Chappell said he had not received notification of the decision.

In a statement, the Insolvency Service, said: “We can confirm that the Insolvency Service has written to Dominic Chappell and three other former directors of the BHS and associated companies to inform them that we intend to bring proceedings to have them disqualified the implementation or control of the company for periods of up to 15 years.

“We can confirm that we wrote to Sir Philip Green, also a former director of the BHS, who informs him that at the moment has no intention to bring disqualification proceedings against him,” he added.

The Insolvency Service is an executive agency of the Department for Business Energy and Industrial Strategy. Ex-BHS owner Dominic Chappell fined £87,000Five themes at the centre of the BHS historyThe pension scheme at the heart of BHS trouble

BHS was sold by Sir Philip’s Arcadia Group – which also includes Miss Selfridge and Dorothy Perkins – for a nominal value of € 1 in 2015 Retail Acquisitions, run by former bankrupt, Mr Chappell.

The company went into administration in April 2016. When collapsed, its pension scheme had a £571m hole, far higher than the retailer’s market value.

Following the announcement by the Insolvency Service, Sir Philip spokesman said: “Sir Philip and his fellow directors have cooperated fully with the Insolvency Service since the investigation started in May of 2016, and welcome to this decision”.

Last month, Mr. Chappell has been fined £ 50,000, plus £37,000 in costs, for not providing the Pensions Regulator with information on the collapse of the chain of pension schemes.

The Pensions Regulator had already reached an agreement with Sir philip Green to shore up the company pension scheme with an extra £ 360.

However, the pension payments will still be lower than expected, and in the month of January, the regulator has determined that Mr. Chappell should make a £9.5 m contribution to the BHS scheme.