Tycoon who bought BHS ‘laundered money’

The business tycoon who bought BHS from Sir Philip Green for £1 appeared in court accused of tax evasion and buying two yachts to launder cash. Dominic Chappell, 52, allegedly purchased two boats worth more than £400,000 with profits from Swiss Rock Ltd he had failed to declare to the taxman. Prosecutors allege the former racing driver bought one of the yachts, Maverick 5, for £182,500, just weeks after taking over BHS in March 2015. Another £230,000 was allegedly used…