Gone Bust: PPE Medpro fails to pay back £122 million by the Deadline set by the UK Government. 

Yesterday, PPE Medpro, established by Baroness Michelle Mone and her husband Douglas Barrowman, failed to repay the £122 million it owes the UK government due to a breach of contract for not providing medical gowns that were sterile enough. According to a report in the Scotsman newspaper, the UK Department of Health & Social Care won its legal case in court, which was supposed to force the company to pay up.  PPE Medpro had until 4 pm yesterday to pay the required funds to the UK government. According to a report in the BBC, Health Secretary Wes Streeting has vowed to track down all of the money owed to the government, which, with interest, now totals £145 million. It is unclear if the company will ever pay back the money, as according to accounts filed in July of this year, the company’s assets total £666,025.    

An Update on Michelle Mone.

Recently, it has emerged that Baroness Michelle Mone is facing a criminal investigation concerning the PPE Medpro scandal. According to a report in The Guardian, Mone and her husband, businessman Douglas Barrowman, are facing allegations of conspiracy to defraud, fraud by false representation, and bribery brought by the National Crime Agency (NCA), Britain’s version of the FBI. For the last several years, Mone and Barrowman have denied any involvement in profiting off the lucrative government contracts awarded to PPE Medpro. According to an article in the BBC, Mone regrets not informing the public of her role in the company. However, she made this apology in a documentary funded by PPE Medpro. This all seems dodgy to me, and I don’t see the NCA putting much stock in it, either.