Syed Rahman tells The Times how the government may try to recoup millions owed by the Baroness Mone-linked PPE firm

With the High Court ruling a company connected to Baroness Mone must pay £122 million for breaching a government contract, The Times twice came to Syed Rahman for his assessment of various aspects of the case.

The peer and her husband have been ordered to pay the damages because PPE Medpro supplied faulty personal protective equipment (PPE) during the Covid pandemic. Much of PPE Medpro’s profits has been transferred to Mone’s relatives.

Syed told The Times that if the government were unable to recover the money from PPE Medpro, it would target the beneficiaries. 

Syed said: “Asset recovery will not just be a matter of chasing company assets, it will be about reaching the hidden vaults too.”

When The Times asked him how this may develop, Syed explained:

“If the government wants to go after Mone personally, they will have to make the legal argument to pierce the corporate veil.

“If she has the resources, that will get defended, and then there will be a determination and a ruling. And so with all that in mind, it will take a few years.”

Syed added that, in cases such as these, only 65% of funds can be expected to be recovered due to the cost of the legal fees needed to pursue them.

The full articles can be read here (subscription required).

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Featured at: The Times