Michelle Mone has L75m of assets frozen as NCA investigates fraud

Source: The Guardian

Michelle Mone has £75m of assets frozen as NCA investigates fraud

Disgraced Tory peer and her husband have had restrictions placed on two properties and 15 bank accounts

Ben Quinn and Tom Ambrose
Fri 26 Jan 2024 17.17 GMT
First published on Fri 26 Jan 2024 10.24 GMT

Assets controlled by Michelle Mone and her husband worth about £75m have been frozen or restrained under a court order obtained by the Crown Prosecution Service.

PPE Medpro, a company led by Mone’s husband, Doug Barrowman, is under investigation by the National Crime Agency over government contracts awarded during the pandemic for allegedly faulty personal protective equipment.

It was awarded contracts worth more than £200m to supply PPE to the NHS through a “VIP lane”. The firm is also being sued by the Department of Health and Social Care.

While Mone had previously complained about her assets being frozen – and likened her treatment to that meted out to the Colombian drug lord Pablo Escobar – the couple have now confirmed they have agreed to restrictions being placed over a range of assets.

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Read more: https://www.theguardian.com/uk-news/2024/jan/26/michelle-mone-assets-frozen-nca-investigates-fraud