Explosive new evidence has uncovered that Conservative peer Michelle Mone and her adult children secretly benefited from a staggering £29 million profit from a PPE company that secured massive government contracts during the pandemic height.
The revelations come from documents obtained by The Guardian, showing that Mone's husband, Doug Barrowman, transferred £29 million to an offshore trust benefiting the Baroness and her three children from the profits of PPE Medro.
The Secret Financial Trail
Despite repeatedly denying any involvement or financial interest in PPE Medro, the investigation reveals a complex web of offshore transactions linking Mone directly to the company's enormous profits. The £29 million windfall was channeled through a trust in the Isle of Man, with Mone and her children named as beneficiaries.
This contradicts Mone's previous statements to the press, where she claimed she had "no role" in the company and was "not connected to PPE Medro in any way."
VIP Lane Access and Lucrative Contracts
PPE Medro was fast-tracked through the government's controversial "VIP lane" after Mone recommended the company to ministers in early 2020. The company ultimately secured contracts worth over £200 million to supply face masks and surgical gowns to the NHS.
The VIP lane was designed to prioritize offers from companies with political connections, raising serious questions about transparency and potential conflicts of interest during the pandemic procurement frenzy.
Ongoing Investigations and Political Fallout
The National Crime Agency has been investigating the case for nearly two years, conducting multiple raids and arrests related to the PPE Medro contracts. Both Mone and Barrowman have been questioned under caution, though no charges have been filed.
Labour's deputy leader, Angela Rayner, has called the revelations "staggering" and demanded full transparency, stating that "the public deserve answers about how their money was spent during the pandemic."
Meanwhile, Mone continues to take a leave of absence from the House of Lords, where she has served as a Conservative peer since 2015 after being nominated by then-Prime Minister David Cameron.
