Ex-owner of Norton Motorcycles faces jail over breaches of pensions rules

Stuart Garner admitted three offences of illegally investing millions of pounds of pension savings into his business

The former owner of Norton Motorcycles faces up to two years in prison after pleading guilty to illegally investing millions of pounds of people's retirement savings into his own businesses.

Stuart Garner, who acquired the classic marque in 2008 and was feted by a series of UK government ministers including the MP Stephen Barclay, the prime minister's new chief of staff since Saturday, admitted three offences at Derby magistrates court on Monday.