The former owner of BHS who controversially bought the struggling department store chain for £1 from Sir Philip Green, has been arrested in relation to an unpaid tax bill of £500,000 on the profits he made from the business. Mr Chappell confirmed that he had been arrested in an interview with ITV news.

Mr Chappell’s company Swiss Rock was paid at least £1.6 million by BHS as part of Chappell’s acquisition of the department store chain. Mr Chappell has confirmed that he took a total of £2.6 million out of BHS in the months before its collapse, including a salary of £600,000.

"Did I take a lot of money out? Yes I did. But did the business fail because of the amount of money I took out? No it didn't," Mr Chappell told the BBC in August.
"This was just a drip in the ocean compared to the money that was needed to turn around BHS."

The Pensions Regulator has started legal action against Sir Philip, his family's companies and Mr Chappell after failing to reach a deal over the BHS pension fund deficit. MPs have also called for Sir Philip to be stripped of his knighthood.