Asset Sales Signal Progress in Legal Negotiations”
In a surprising turn of events, Baroness Mone and Doug Barrowman successfully sell their £19 million Belgravia townhouse and £6.8 million Lady M Yacht, both previously entangled in the aftermath of the Covid PPE scandal.
Legal negotiations with the Crown Prosecution Service (CPS) seemingly resulted in the removal of these assets from the protective list.
“Court Order Changes: London Home and Yacht Dropped, Isle of Man Estate Frozen”
Recent reports suggest that the London home and yacht were excluded from the latest ‘restraint’ order issued in December, raising questions about the significance of these changes.
Instead, their 145-acre Ballakew estate on the Isle of Man, worth £25 million and listed under Barrowman’s name, replaces the previously frozen assets.
The overall value of the assets on the court order remains largely unchanged.
“CPS Investigation into PPE Medpro: VIP Pandemic Priority Lane and Baroness Mone’s Role”
The National Crime Agency (NCA) initiated an investigation into PPE Medpro, owned by a consortium led by Barrowman, following suspicions of criminal activity related to PPE contract procurement.
Revelations surfaced about the firm being placed in a VIP pandemic priority lane for government contracts, allegedly influenced by Baroness Mone’s recommendation.
The baroness initially denied any links with the firm and failed to declare her interest in PPE Medpro to the House of Lords.
“Lies and Confessions: Baroness Mone’s Contradictory Statements”
Leaked documents unveiled conflicting statements by Baroness Mone, claiming she had ‘no financial benefit whatsoever’ from her husband’s company and had ‘no conflict of interest’ in 2020.
However, later admissions included lies to journalists about her connections with the company, leading to public scrutiny and challenges regarding the veracity of her statements.
“Properties Frozen and Legal Proceedings: Government Contracts, Asset List, and House of Lords Inquiry”
The frozen assets include the £19 million Belgravia mansion, the Lady M Yacht, and other properties linked to government contracts.
Legal proceedings have been initiated by the Department of Health and Social Care against PPE Medpro, alleging that the procured gowns were unfit for use.
Baroness Mone faced a Lords inquiry into her role in securing contracts for the company, which is currently on hold as the NCA investigation continues.
“Leave of Absence and Confession: Baroness Mone Takes Leave Amidst Allegations”
Amid escalating reports about her involvement with PPE Medpro, Baroness Mone took an indefinite leave of absence from the House of Lords in December 2022.
Her office released a statement, declaring her intention to clear her name of allegations unjustly leveled against her.
In late 2023, she and her husband admitted that PPE Medpro’s contracts led to a £60 million profit for the company, with Barrowman acknowledging himself as the ‘ultimate beneficiary.’
“Property Raids and Sale: NCA Raids Belgravia Residence, Sale Listing, and Post-Sale Adjustments”
The Belgravia residence, purchased in 2015 for £11 million by companies registered in the British Virgin Isles, underwent NCA raids in April 2022.
It was listed for sale in December 2022 for £23 million, later reduced by £4 million.
The recent sale’s new owners remain undisclosed, raising further questions about the aftermath of the property and asset dealings amidst the ongoing PPE scandal investigations.**
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