The home of lingerie tycoon Michelle Mone has been raided by police investigating a business for £203m of Covid PPE government contracts, it has been claimed.
Tory peer Lady Mone, 50, is believed to have been present at an address which was searched by National Crime Agency officers, who raided homes and offices in London and the Isle of Man.
Lady Mone owns a £25million estate on the Isle of Man, as well as a house in Belgravia. It is not known at which address the police went.
They are said to have been looking for documents that could help in an investigation into suspected fraud. No arrests appear to have been made.
Lady Mone, from Glasgow, has denied involvement with a company called PPE Medpro, which has won government contracts with another company.
However, it was revealed that she had referred the Medpro PPE to her Tory colleague Theodore Agnew’s officer, who at the time was a Cabinet Minister officer responsible for purchasing PPE.
The NCA is currently investigating the award of contracts for the supply of surgical gowns and masks to the NHS.
Lady Mone owns a £25million estate on the Isle of Man, as well as a house in Belgravia. It is not known at which address the police went
Lady Mone with her billionaire husband Doug Barrowman. She denied any involvement with a company called PPE Medpro, which won government contracts with another company.
PPE Medpro was on the “VIP Lane” list of companies most likely to win a PPE contract. He was added to the list by Lord Agnew’s office.
The company, based in the Isle of Man, was established in May 2020.
A few weeks later, he won a contract to supply 25 million sterile gowns and masks.
Lady Mone was linked to the business by the Guardian, however, she made it clear she had no role in the business.
In January, it emerged she had been referred to the House of Lords standards commissioners.
Labor peer George Foulkes said Lady Mone failed to fully disclose her business interests in PPE Medpro and asked commissioners to investigate whether she broke rules against lobbying when she referred the company to the government.
Tory peer Michelle Mone and her billionaire husband (both pictured) face questions over their involvement in a £203million government contract for PPE at the start of the pandemic
Pictured: Anthony Page, owner of PPE Medpro, circled, at Lady Mone’s wedding in 2020
PPE Medpro shows these products among the items it currently offers on its website
Government details show how Lady Mone referred PPE Medpro as a potential supplier
Lady Mone has repeatedly denied any association with the firm, which she recommended to the Cabinet Office as a potential supplier in May 2020.
Although she has no real formal connection to the company, her denials have come under scrutiny thanks to publicly documented links between Anthony Page, the owner of PPE Medpro, and the companies run by Lady Mone and her husband, Isle of Man-based billionaire Doug Barrowman.
From leaving school in Glasgow with no qualifications to modeling and business: how ‘Baroness Bra’ brought her millions
Lingerie mogul Michelle Mone was born in 1971 and grew up in Glasgow’s East End, leaving school unqualified at 15 before finding work as a model.
After leading a sales and marketing team for Labatt’s brewery, she decided to create a line of support bras after the idea came to her while wearing an uncomfortable bra during a having dinner.
Lady Mone founded MJM International with her then-husband Michael Mone in November 1996, and three years of research, design and development resulted in the patented Ultimo bra.
In August 1999, a month after having her third child, she launched Ultimo at Selfridges department store in London, which sold out the pre-launch estimate of six weeks’ worth of stock within 24 hours.
The business grew rapidly and in 2010 was awarded an OBE from the Queen for her contribution to business.
But she sold 80% of Ultimo in 2014, a year after announcing she had left the company following the breakdown of her marriage.
Lady Mone was nicknamed “Baroness Bra” after being elevated to the House of Lords in 2015, where her official title is Baroness Mone of Mayfair.
To celebrate her 50th birthday, she decided to throw five parties – one for each decade of her life – with her new husband, billionaire tech mogul Doug Barrowman, 55.
Lady Mone is being investigated under several sections of the Lords’ code of conduct, including a section saying peers “must never accept or agree to accept any financial inducement as an inducement or reward for exercising a parliamentary influence”.
She is also being investigated under a section of the code that says peers “shall not seek by parliamentary means to confer any exclusive advantage on any outside body or person (a) in which they or it has a financial interest (including in the form of salary, honorarium, stock ownership or other arrangement) or (b) in exchange for payment or reward”.
Lord Foulkes said Lady Mone had failed to fully disclose her business interests in PPE Medpro and asked commissioners to investigate whether she broke rules against lobbying when she referred the company to the government.
Mr Page, the sole owner of PPE Medpro, is a wealth management expert who works for Barrowman’s Knox House Trust, part of the Knox Group of Companies based in the Isle of Man, where Lady Mone and her husband live on a £25million estate. .
In December, The Mail on Sunday revealed that Mr Page was the director of a company which owns a luxury yacht, called Lady M, on which Lady Mone sailed around the Adriatic last summer.
Mr Page is also the majority shareholder in Lady Mone’s new business venture, Neo Space, which operates rental space in Aberdeen.
Lady Mone founded lingerie brand Ultimo through parent company MJM International in 1996.
She was named a life peer by David Cameron in 2015.
Millions of medical gowns purchased by the NHS from PPE Medpro have never even been used.
At the time, they had to achieve the British Standard for Sterilization of Medical Devices or what was called a “technical equivalent”.
If the equivalent was the intended standard, the health regulator, the MHRA, had to approve them.
It publishes lists of current products whose use has received its authorization.
Earlier this month, Voirrey Coole, 40, who had been a director of PPE Medpro since its inception on May 12, 2020, suddenly left the company.
Documents filed by the company announced that her appointment had been terminated, but her own listing declared her to have resigned.