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

Future Retirement Success

Business

Man Arrested in Ongoing Criminal Probe into PPE Medpro

by June 13, 2024
June 13, 2024
Man Arrested in Ongoing Criminal Probe into PPE Medpro

The National Crime Agency (NCA) has arrested a 46-year-old man in connection with its ongoing investigation into PPE Medpro, a company awarded substantial government contracts for personal protective equipment (PPE) during the Covid-19 pandemic.

The man, apprehended at his home in Barnet, North London, is suspected of conspiracy to commit fraud and attempting to pervert the course of justice. This arrest marks a significant development in the probe into PPE Medpro, which secured two contracts worth £203 million for PPE supply in the pandemic’s early months, bypassing normal competitive tendering regulations.

Conservative peer Michelle Mone and her husband, Douglas Barrowman, both involved with PPE Medpro, have previously been interviewed under caution by NCA investigators. However, Barrowman is not the individual arrested in this latest development.

In a statement, the NCA said: “A 46-year-old man from Barnet, London, was arrested this morning at his home address as part of an ongoing NCA investigation into suspected criminal offences committed in the procurement of PPE contracts by PPE Medpro. He is currently being interviewed by NCA officers.”

PPE Medpro received contracts for millions of face masks and sterile surgical gowns in May and June 2020, following an approach by Mone to Cabinet Office ministers Michael Gove and Theodore Agnew. These contracts were expedited through the government’s “VIP” high-priority lane, reserved for companies with political connections, as standard procurement rules were suspended due to the urgent need for medical supplies.

Michelle Mone, who gained public prominence with the lingerie company Ultimo, was appointed to the House of Lords by David Cameron in 2015. Douglas Barrowman, a Scottish businessman based in the Isle of Man, is the chair and founder of Knox Group, an offshore private wealth management firm.

In November 2022, The Guardian revealed leaked HSBC documents showing Barrowman received at least £65 million from PPE Medpro profits, transferring £29 million into an offshore trust benefitting Mone and her three adult children. In media interviews last year, Barrowman confirmed his substantial profits and the establishment of the trust, also stating his children were beneficiaries.

In December 2022, Mone took a leave of absence from the House of Lords to address the allegations against her. Despite initial denials of involvement with PPE Medpro, Mone admitted in a BBC interview that she had lied to the media, although she emphasised that it was not a criminal act.

The NCA’s investigation into PPE Medpro began in May 2021, with search warrants executed at the homes of Mone and Barrowman, and the company’s offices in London and the Isle of Man in April 2022. The Lords commissioner for standards also launched an investigation into Mone’s role in procuring PPE Medpro contracts, but this has been paused pending the outcome of the NCA’s criminal investigation.

Read more:
Man Arrested in Ongoing Criminal Probe into PPE Medpro

0
FacebookTwitterGoogle +Pinterest
previous post
UK Automotive Sector Faces Critical Skills Gap “Timebomb,” Warns GSF Car Parts CEO
next post
IVF Critics’ Claims Don’t Hold Up under Scrutiny

You may also like

The Crucial Role of a First Aider During...

December 30, 2023

How Microplate Readers help Us live Better

September 13, 2023

Promo Codes for CSGORoll: Unlocking Exclusive Rewards and...

October 14, 2024

Some taxes will rise in 30 October Budget,...

July 31, 2024

Aldi urges Starmer to fast-track planning permission for...

September 4, 2024

How to network effectively from a remote setting?

July 3, 2024

Electric truck maker Volta fails after supply chain...

October 18, 2023

Tesla sees first annual sales decline in a...

January 3, 2025

Smart Wealth Planning Tips for Expats Living in...

December 5, 2024

£1m paid to Octopus Energy customers as part...

January 26, 2023

    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

    • All-Time Highs and An Upcoming Rate Cut: We’re Just Getting Started on This Move Higher

      June 27, 2025
    • Trump celebrates Supreme Court limits on ‘colossal abuse of power’ by federal judges

      June 27, 2025
    • Second Amendment ‘setback’: Gun tax cuts stripped from Trump’s ‘big, beautiful bill’

      June 27, 2025
    • Don’t Give Big Businesses Immunity from Litigation

      June 27, 2025
    • Unmasking Medicaid Money-Laundering Schemes: Medicaid Financing Gimmicks 101

      June 27, 2025
    • Top moments from the Trump-Biden debate that changed the course of the 2024 election

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,077)
    • Politics (15,831)
    • Stocks (3,174)
    • 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