The yacht, the wedding and £29m: Michelle Mone’s life during the Covid crisis

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After recommending PPE Medpro for £203m government contracts, the Tory peer spoke of how business was hard but ‘rewarding’

The documents state that Barrowman received at least £65m in PPE Medpro profits, and transferred £29m to an offshore trust that, bank records indicate, benefited his wife and her adult children.

None of this was known then, despite the attention on Mone. Particularly since receiving a peerage in 2015, Mone had become a fixture in the tabloids, which titled her “Baroness Bra”. The wedding in November 2020 provided a level of glamour that was gleefully splashed across pages of papers mostly still concerned with the pandemic. Hello! magazine filled its pages with pictures of the couple’s celebrations, including shots of the bride in her designer wedding dress and Jimmy Choo heels.

Just a month later, the Guardian understands, the bank Barrowman used in the Isle of Man, HSBC, was conducting an investigation into the financier’s receipt and distribution of the millions from PPE Medpro’s profits, and – the Guardian understands – decided to drop the couple as customers. HSBC declined to comment.

Source: News Formal (newsformal.com)

 

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Seem to be a global problem with conservative party friends and PPE contracts auspol How a politically connected company earned more than $1 billion from the pandemic

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