Chappell put funds into entity called BHS Sweden,not connected to company, as its money woes worsened, and before returning itDominic Chappell,the owner of BHS, moved 1.5m from the retailer into an obscure corporate vehicle final week as its financial problems worsened.
BHS sources said Chappell transferred the funds to an entity called BHS Sweden, and which is not connected to the company,following a board meeting on 18 April that concluded that BHS needed to find emergency funding or would hold to call in administrators.
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Source: theguardian.com