Tory peer Michelle Mone and her billionaire husband Doug Barrowman are having an £80million hearth sale of their luxurious homes, non-public jet and superyacht.
It comes as Baroness Mone revealed her financial institution accounts have been frozen throughout a two-year NCA police investigation. The couple’s PPE Medpro enterprise faces a £133m High Court declare from the Department for Health over robes rejected by the Government. The Mirror can reveal that the couple have slashed the value of a few of their prized property, owned by a string of offshore corporations.
As properly because the yacht – named Lady M – there’s a £7.5m Cessna Citation CJ4 non-public jet and a £41m six-bedroom luxurious villa on the elite Caribbean vacation island of St Barts. Mr Barrowman’s spokesman attacked the “media’s ridiculous obsession with every tiny detail of Michelle and Doug’s personal life”.
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DAILY RECORD)
The Cessna, which was purchased new in early 2021, has been listed on the market by a US aircraft dealer. It is registered to an Isle of Man-based firm known as Cabbane Limited, which listed Anthony Page as a director. Mr Page was a director of PPE Medpro, whereas Mr Barrowman is the only shareholder of Cabbane.
His St Barts villa, rented out to A-listers together with Jay Z and Beyonce for £16,000 an evening, has been on sale since 2021. But the value has been slashed from £63m to £41m, with new brokers describing it as a “remarkable property perched atop Saint Jean, a few steps away from the beach”. Mr Page mentioned in 2021 Mr Barrowman was seeking to promote Villa Neo as a result of he prefers spending time on his luxurious yacht, which itself has been on sale for greater than a yr.
The vessel turned notorious when Baroness Mone posted an image of herself on deck within the Mediterranean in August 2021 with the caption: “Business isn’t easy. But it is rewarding.” It is owned by an Isle of Man firm known as LM Yachts Ltd, run by former PPE Medpro director Voirrey Coole. The value has plunged from almost £10m to lower than £7m. The couple’s lavish London townhouse was bought off final yr for £19m. The Mirror additionally understands their £7m villa within the Algarve, Portugal, has been bought.
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Tim Merry / Daily Mirror)
A spokesman for Mr Barrowman mentioned: “The media’s ridiculous obsession with every tiny detail of Michelle and Doug’s personal life continues to reach desperate levels. “They have both been very successful in business for decades, so if the Daily Mirror plans to write about every asset that they own, might be buying or could be selling, its journalists would writing for a very long time. This is a futile attempt to distract from Doug Barrowman’s robust fightback against the PPE Medpro allegations over the last few weeks.”
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Dave Benett/Getty Images)
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PA)
Last month, PPE Medpro funded a 70-minute documentary launched on YouTube and the couple appeared on Laura Kuenssberg’s BBC politics present. On New Year’s Day, Mr Barrowman issued a press release complaining that he and his spouse had been made “scapegoats”.
Underwear tycoon Baroness Mone admitted she “regrets” mendacity to the Mirror once we revealed her hyperlinks to PPE Medpro in 2020. The agency gained greater than £200m in Government contracts throughout Covid.