Dominic Chappell has been arrested as part of an investigation into unpaid taxes on profits made from the collapsed department store chain BHS.
According to The Guardian, HM Revenue & Customs (HMRC) officers arrested Chappell in a dawn raid at his home near Blandford Forum in Dorset.
Chappell’s company, Swiss Rock Ltd, owes more than £500,000 in tax, including £365,000 in VAT and £196,306 in corporation tax. BHS paid Swiss Rock at least £1.6m as part of Chappell’s controversial acquisition of the retail chain.
According to The Guardian, the arrest took place on 2 November, and he has subsequently been released.
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