The ex lug of BHS has charged the retirement controller of a “enemy and intentional” act by launch an inquiry fair days following his absorption, a trial has heard.
Dominic Chappell, who purchased BHS for £1 of Sir Philip Verdant, told the inquiry had weighted on the company.
The Pensions Controller alleges how Mr Chappell unsuccessful to ensure data three times on the compressed division keep’s retirement schemes.
Mr Chappell denies the extortion.
BHS compressed in Apr 2016 by Mr Chappell’s property, guideline to the losing of 11,000 jobs and a £571meter pensions deficiency.
Giver testimony at Brighton Magistrates’ Trial, the entrepreneur told the controller had undertaken an violent position versus BHS with he took above.
He was presented a chapter 72 note – a query to ensure data to the controller – 16 days following he took above the fighting retail dealer in March 2015, the trial heard.
Mr Chappell, a ex ruin, told of the note: “We found it an shocking act how was serviced while we had taking into account the retirement controller each politeness.
“It was a enemy and intentional act and it radically struck our industry.”
The note was a “strong paper vacationer on the behind of the business”, as it signalled an inquiry in offence, he said the trial.
Three individual chapter 72 notices, serviced in Apr and May 2016 and a tertiary period in Feb 2017, shape the base of the extortion versus him.
Mr Chappell claims he was blocked out of the BHS offices while it went in authority, that prevented him of access the pertinent documents.
Sir Philip after coordinated to beach up the BHS retirement schemes in an additional £360meter, but the controller continues to explore if Mr Chappell should do a deposit as so.
Mr Chappell purchased BHS in March 2015 via his industry Retailer Acquisitions (RAL).
He acquired £2.5meter in payments of the business in his year of property.