Dominic Chappell, the man that bought BHS from former owner Sir Philip Green for £1, has been jailed for 6 years for tax evasion.
Chappell funded an extravagant lifestyle with the cash he took from BHS but failed to pay over half a million to the tax man. it didn’t help when the BHS pension problems came to light in 2016 and Chappell found himself broke!
The judge described Chappell as “not of positive good character”.
In addition, the Insolvency Service banned Chappell from running a company for 10 years for carrying out “reckless financial transactions and failing to maintain adequate company records”