Baroness Michelle Mone Admits Potential £60 Million Profit from PPE Contracts

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18/12/2023 19h50

In a surprising turn of events, Baroness Michelle Mone has confessed to the British Broadcasting Corporation (BBC) that she stands to benefit from approximately £60 million in profit made by her husband on the controversial PPE Medpro contracts. The revelation contradicts the claims made by her lawyers to The Guardian newspaper, stating that she had no connection to the company.

The admission came as the U.K. government filed a lawsuit against PPE Medpro for "breach of contract and unjust enrichment" after millions of unused medical gowns were supplied. Additionally, both Mone and her husband are now under investigation by the National Crime Agency.

During her interview with the BBC, Mone clarified that she would become a beneficiary if her husband were to pass away, along with their children and her own children. The profits from the contracts are held within financial trusts.

Mone also admitted to making an error in her previous statement to the press, where she claimed to have no involvement with PPE Medpro. This revelation is likely to have far-reaching consequences for her reputation and potentially increase public scrutiny.

Despite the ongoing legal challenges and investigations, Mone remained defiant, stating that she does not believe there is a case against her and her husband. She expressed confusion about any wrongdoing, highlighting that they had made a 30 percent profit, equivalent to £60 million, on contracts totaling £202 million.

John Barrowman, Mone's husband, corroborated the statement, asserting that the risks involved in the contracts were incredibly high. However, their claims of innocence may face significant scrutiny as investigations continue and the legal proceedings unfold.

The situation surrounding PPE Medpro has raised concerns about the procurement processes carried out during the pandemic. The British government's pursuit of legal action against the company reflects the gravity of the situation and its determination to hold accountable those involved in any potential misconduct.

As the case progresses, the public will closely follow the developments surrounding Baroness Michelle Mone and her husband's involvement in the PPE Medpro contracts. The outcome of the government's lawsuit and the ongoing investigations will ultimately determine the consequences for the couple and potentially shed light on the broader issue of PPE procurement during the pandemic.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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