Dozens of veterans were left out of pocket after being urged to switch safe pensions to riskier funds by a firm owned by Michelle Mone’s husband.
25.11.2022 - 07:45 / dailyrecord.co.uk
PPE row Baroness Michelle Mone posted weekly videos clapping for the NHS while allegedly offering to supply face masks via the “ Tory VIP lane”.
Leaked documents suggest an offshore trust linked to Baroness Mone received £29million which seem to have originated as profits from more than £200million in PPE deals she promoted through the Government’s VIP lane, according to the Guardian.
HSBC bank documents leaked to the newspaper allegedly show that £65million in profits from the PPE deal was paid into a trust benefitting Mone’s husband Doug Barrowman in September 2020.
It is claimed that £45.8million was then transferred out of The Warren Trust to Barrowman’s personal bank account, before £28.8million was transferred in October 2020 to a second trust, called Keristal Trust, which allegedly has Mone and her children as beneficiaries.
Under the hashtag “#thankyounhs”, Mone posted weekly clapping videos on Instagram through April and May 2020 stating: “Thank you for everything you have done and are doing at this time to keep us all safe and going.”
At the same time, Mone was lobbying the Government over the PPE deals, which she failed to declare in the House of Lord register of interests.
Her lawyer has insisted this was because “she did not benefit financially and was not connected to PPE Medpro in any capacity”.
The bank account for the Keristal Trust, the leaks reveal, was opened in May 2020, at the height of the first lockdown, while the couple joined millions of others clapping for the NHS every Thursday.
That same month, Mone had told then Cabinet Office minister Michael Gove that she could help with the PPE crisis facing the NHS.
Gove, now Levelling Up Secretary, told Sky News yesterday he passed on her contact details “as
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