Michelle Mone and husband have £75 million assets frozen as PPE probe continues
Assets linked to Baroness Michelle Mone and her husband Doug Barrowman have been frozen, as a National Crime Agency investigation into PPE firm Medpro continues.
According to the Financial Times, about £75 million of assets, including a townhouse in Belgravia and an estate on the Isle of Man, have either been frozen or restrained following an application by the Crown Prosecution Service.
A spokesman for the couple (pictured) said: “This comes as a result of a consensual process during which negotiations took place with the CPS.
“It allows the wider businesses and assets of the Barrowman family to operate normally and free from any restrictions or uncertainties.
“Doug and Michelle did not contest the application and were happy to offer up these assets, which means they can begin the task of proving their innocence more quickly.
“Mr Barrowman finds it deplorable that private matters such as this are being conducted in the public realm via leaks from government departments and the CPS.”
The Department of Health and Social Care (DHSC) is also engaged in breach of contract proceedings over a 2020 deal on the supply of gowns.
Lady Mone has previously admitted she lied when she denied having connections to the company, a consortium led by her husband, which was awarded contracts worth more than £200 million to supply gowns and face masks.
The lingerie entrepreneur stands to benefit from its £60 million in profits that have been placed into a trust by her husband.
Copyright (c) PA Media Ltd. 2024, All Rights Reserved. Picture (c) Neo Space / PA.
