Disgraced baroness Mone and billionaire husband Doug Barrowman took £65million in profits from Covid contract with UK Government.
Michelle Mone is facing demands for a total freeze on assets linked to her family including a string of luxury Scottish properties.
It comes after PPE Medpro – a company led by her husband Doug Barrowman – was ordered by a judge to repay £122million to the UK Government for breaching a Covid contract.
Disgraced baroness Mone, 53, and billionaire Barrowman, 60, took £65million in profits from the firm after being awarded a £203million deal to supply PPE during the pandemic in 2020.
The money was moved to trusts and accounts linked to the couple and Mone’s three children.
During the pandemic the family then benefited from a £13million spending spree on over a dozen high-value homes in the Glasgow area.
The purchases were added to a vast empire which included a yacht and lavish London properties, some of which has since been offloaded.
Nine properties were hit with court orders last year blocking future sales as part of a major £75million assets freeze amid the National Crime Agency (NCA) probe into PPE Medpro.
However, the owners remain able to earn lucrative rental income on the Glasgow properties estimated at up to £300,000 a year.
Last night senior Scots politicians lined up to demand a total freeze on all Mone and Barrowman-linked assets to ensure taxpayers’ money is recouped.
It follows fears over whether the cash will be recovered after PPE Medpro last week filed for administration.
Liberal Democrat Scottish affairs spokeswoman Susan Murray, MP for Mid Dunbartonshire, hit out: “The public will be absolutely outraged.
“I would like to see all assets linked to Michelle Mone frozen so that she cannot continue to benefit from assets that may have been bought with the profits from Covid contracts.
“Billions of pounds of taxpayers’ money were wasted on Covid contracts, lining the pockets of Conservative donors and friends while the public was left to pick up the bill.”
Between 2020 and 2022, firms linked to Barrowman then snapped up a £10million portfolio of townhouses and flats in Glasgow’s exclusive Park Circus area as part of a 20-month UK property spending spree.
Over the last two years, property records also show companies linked to the couple managed to offload two other Glasgow townhouses unaffected by the court orders, making £2million in profit.
Mone’s children also forked out more than £3million on Glasgow properties during the pandemic.
Oldest daughter Rebecca, 29, spent £1.64million on two homes, son Declan, 25, shelled out £750,000 on a flat in the city, while youngest daughter Bethany, 22, bought an £825,000 pad months after turning 21 — which she later put on the market for £900,000.
The High Court ruled on Wednesday PPE Medpro must pay the Department of Health £122million in damages for breach of contract over the supply of 25million faulty medical gowns at the height of the pandemic.
Glasgow MSP Patrick Harvie, of the Scottish Greens, said: “Since Mone’s disgrace she’s shown no remorse or concern for anyone but herself.
“She continues to sit as a Lord with the right to claim expenses and vote on our laws.
“If Mone and her husband are allowed to come out the other end of this with their millions intact, by squirrelling it away in assets, offshore or with third parties, it will represent a huge moral hazard within our democracy. The Government must use the courts to pursue every penny.”
SNP MP Chris Law said: “Companies connected to Michelle Mone owe the public purse £122m so it would beggar belief if she is able to still profit from her businesses.
“It is now time all assets were frozen so that the public can get their money back.
“Michelle Mone cannot also continue to have access to the expenses of a peer in the House of Lords.
“It’s time for the age of one law for them, and another for everyone else to come to an end.”
At the time of the NCA’s partial assets freeze, it was reported investigators had originally wanted to freeze all of Mone and Barrowman’s assets across the world.
In evidence of further offloading of properties, a house in Chelsea, west London, linked to Mone’s son Declan’s firm was recently sold to the member of a Middle Eastern Royal Family.
Last year, the couple also sold their £19million London home and the £6.8million Lady M yacht.
In Glasgow three firms linked back to Barrowman’s Isle of Man-based Knox Group were used to snap up nine Glasgow townhouses.
Under the “restraint orders” imposed by the courts in 2024, these assets cannot be sold.
However the properties could be earning an estimated £21,500 a month in rental income.
Property records also show another Park Circus house bought in 2020 for £1.7million was sold last July for £2million to photographer Nick Haddow, a longtime friend of Mone from her years running the Ultimo lingerie brand.
This spring, a different townhouse was sold to a Scots musician for £2.8million – nearly double the £1.425million it was purchased for in July 2020.
In January, Mone and Barrowman were spotted leaving the address while moving things out, lugging Majestic Wine boxes and bin bags into waiting vehicles.
There is no suggestion these sales breached existing orders.
How Mone’s PPE scandal played out
While a Tory peer Mone lobbied Conservative ministers to win the lucrative £203million deal for PPE Medpro to supply PPE using a controversial “VIP fast lane”.
She denied any involvement in the firm for three years before admitting in 2023 she had lied.
Mone and her husband admitted making £65million from the equipment deals, with £29million transferred to a trust in the name of Mone and her three kids Rebecca, Declan and Bethany.
She lost the Conservative whip when the PPE scandal first emerged and said this week she has “no wish to return” to the House of Lords, where she was appointed by David Cameron in 2015.
She also slammed Chancellor Rachel Reeves for “inflammatory language” after the senior Labour politician joked at a party conference fringe event about the government having a vendetta against the peer.
Mone has now written to Keir Starmer saying the comments made her and her family feel unsafe and claimed she’d faced a torrent of threats on social media.
Under the High Court’s ruling, PPE Medpro has until October 15 to repay £122million to the UK Government – however, the firm’s latest accounts show assets of just £660,000.
Tax expert Dan Neidle last week suggested it might still be possible to recoup the money citing the existence of a second PPE Medpro company headquartered in the Isle of Man, where Mone and Barrowman live.
He added there was “no sign” of the estimated £65million in profits from the PPE deal in the UK-headquartered PPE Medpro’s accounts.
The NCA’s probe into alleged fraud and bribery is ongoing. Mone and Barrowman were approached for comment.
