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Michelle Mone makes 'millions in profits' after selling off Glasgow townhouses
The Scottish Mail on Sunday reports that Baroness Mone sold a £19m London townhouse and £6.8m Lady M Yacht last year.
It comes after Glasgow-born Mone and her billionaire husband Doug Barrowman had £75m worth of assets frozen by the National Crime Agency (NCA).
The couple are at the centre of a fraud probe over the firm PPE Medpro, controlled by Barrowman, that was awarded £203m worth of UK Government contracts through a 'VIP lane' during the Covid-19 pandemic.
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In November 2023, Mone finally admitted her involvement with PPE Medpro for the first time, after years of denying any links to the company.
It then emerged Barrowman was reportedly paid at least £65m from PPE Medpro's profits, later transferring £29m into a trust for Mone and her three adult children.
Several properties were frozen under the Proceeds of Crime Act in 2023.
And now, Mone has reportedly sold her Glasgow homes. The Mail on Sunday reports that there is no suggestion any of the property sales breached any existing orders put in place by the NCA.
One townhouse in Glasgow's plush Park Circus was bought by Barrowman's Knox business group for £1.7m in 2020. The couple have now reportedly sold this to a photographer for £2m last year.
Another nearby townhouse was sold for £2.8m, allegedly to a Scottish musician, who was not named. It was bought in July 2020 for just over £1.4m.
A spokesperson for the NCA confirmed an investigation is still ongoing into PPE Medpro.
'The NCA opened an investigation in May 2021 into suspected criminal offences committed in the procurement of PPE contracts by PPE Medpro,' they said.
'This ongoing investigation remains a priority for the agency.
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'Investigations must pursue all reasonable lines of enquiry. In serious economic crime investigations these lines of enquiry can be incredibly complex – from worldwide financial tracing exercises to the need to examine large volumes of digital material.
'In such cases it can take considerable time to ensure that a thorough, independent and objective investigation is conducted.'
PPE Medpro is also being sued by the Department of Health and Social Care, amid claims that the gown supplied by the firm were not fit for use.
We previously told how Mone accused the NCA of "smearing [her] as a criminal".
