Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Offshore firm linked to Baroness Mone bought £7.5M private jet after allegedly making tens of millions from PPE contract

by December 10, 2022
December 10, 2022
Offshore firm linked to Baroness Mone bought £7.5M private jet after allegedly making tens of millions from PPE contract

An offshore company linked to Michelle Mone and her husband bought a £7.5million private jet months after they allegedly made tens of millions from a public PPE contract, it was claimed last night.

The Tory peer and lingerie tycoon, nicknamed ‘Baroness Bra’, has vowed to clear her name after a newspaper reported that leaked documents showed she and her children received £29million after referring a company called PPE Medpro for contracts for masks and gowns.

The firm was awarded £203million to supply equipment after she recommended it to ministers in the early days of the pandemic.

Since spring 2020, Baroness Mone and her husband, Doug Barrowman, have also splashed out on an £80,000 racehorse, which she bought for him as a wedding gift, and £3million of property for her children, The Guardian newspaper reported.

The couple held a lavish wedding at their multi-million-pound Isle of Man estate, an event which was splashed across the pages of Hello! celebrity magazine.

Lady Mone also posted on Instagram a picture of herself and Mr Barrowman on the Lady M yacht, believed to have been bought in May 2021 for around £6million.

There is nothing to link the alleged windfall from PPE Medpro with their luxurious lifestyle. But the timing of their spending will increase scrutiny on Baroness Mone and her husband.

The Lords standards watchdog is investigating the peer over her alleged links with PPE Medpro, although this has been paused pending a ‘criminal investigation’ into the firm.

Baroness Mone has consistently denied any ‘role or function’ in the company, and her lawyers have previously said she was ‘not connected to PPE Medpro in any capacity’.

This week the Daily Mail has revealed she had ‘aggressively’ lobbied Matt Hancock, then health secretary, to try to promote a second company that he claimed she had a ‘commercial interest’ in.

It was alleged the firm was LFI Diagnostics – a ‘secret entity’ of the family office of her husband. A source close to Baroness Mone denied the claim.

This week Rishi Sunak told the Commons it was ‘absolutely right’ that the Tory peer was taking a leave of absence from the Lords.

Speaking at Prime Minister’s Questions, he said: ‘Like everyone else I was absolutely shocked to read about the allegations.

‘It’s absolutely right that she is no longer attending the House of Lords and therefore no longer has the Conservative whip.’

Ministers have committed to release documents to MPs surrounding the award of £203million of contracts to PPE Medpro.

Read more:
Offshore firm linked to Baroness Mone bought £7.5M private jet after allegedly making tens of millions from PPE contract

0
FacebookTwitterGoogle +Pinterest
previous post
Union boss Lynch demands meeting with Rishi Sunak to end daily train stoppages until January
next post
48-Year-Old Soccer Journalist Grant Wahl Dies After Collapsing While Covering World Cup in Qatar

You may also like

Corporate support for UK Pride festivals declines amid...

June 14, 2025

Starmer urged to confront Trump over tariffs as...

March 31, 2025

Easing pressure on shop prices has sparked hopes...

April 30, 2024

Bernie Ecclestone pleads guilty to fraud charge after...

October 12, 2023

The Influence of Employee Productivity Monitoring on Workplace...

March 26, 2024

The long game: Avoid risky get rich schemes...

May 3, 2024

Small businesses warn of layoffs as new employment...

January 6, 2025

BGF backs Sheffield-headquartered Tribepad with £12m investment

February 1, 2023

Electric vans startup Arrival to cut 800 jobs...

January 31, 2023

Getting Too Know You: Michael Baron, Commercial Director,...

July 18, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • National Wealth Fund commits £200m to UK battery storage push

      August 28, 2025
    • XRP price prediction hits new highs, GMO Miner helps you earn $6,800 a day

      August 28, 2025
    • West End retailers lose £310m from VAT-free shopping ban in first half of year

      August 28, 2025
    • Dollar slips as Trump moves to sack Fed governor Lisa Cook in unprecedented clash over central bank independence

      August 28, 2025
    • CDC Director Susan Monarez refuses to be fired as other officials call it quits

      August 28, 2025
    • Bill Gates met with Trump to talk ‘importance of US global health programs and health research’: spox

      August 28, 2025

    Categories

    • Business (8,901)
    • Investing (2,246)
    • Politics (16,503)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved