BRA tycoon Michelle Mone’s home was raided by police investigating £203million of pandemic PPE contracts from the Government.
The Tory peer, 50, was believed to have been present at one address searched by officers from the National Crime Agency.
It is understood they were searching for any documents that could assist an inquiry into a suspected fraud.
No arrests were made following the police swoops in London and the Isle of Man on Wednesday morning.
The NCA is investigating the award of Department of Health and Social Care contracts for supplying surgical gowns and masks to the NHS.
Glasgow-born entrepreneur Lady Mone has denied any involvement with a company, PPE Medpro, which was given the Government contracts along with another supplier.
However, it has emerged that Lady Mone had referred PPE Medpro to the office of fellow Tory peer Theodore Agnew, then a Cabinet Office minister responsible for procurement.
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The company was added by Lord Agnew’s office to the Government’s “VIP lane,” said to have given companies a ten times greater chance of being awarded a PPE deal.
Isle of Man-based PPE Medpro and a UK subsidiary were formed in May 2020, weeks before being awarded contracts to supply 25 million sterile gowns and masks.
The Guardian revealed earlier this year how gowns bought by the Government for £122million had been purchased from a Chinese manufacturer for £46million.
The gowns were never used by the NHS after being rejected following an inspection.
Files leaked to the newspaper suggested Lady Mone, married to financier Douglas Barrowman, was involved with PPE Medpro. She has made clear she had no role or function in the company.
It is understood that the company denies wrongdoing.
Lady Mone, made a peer by David Cameron in 2015, has a £25million estate on the Isle of Man, as well as having a Belgravia home.
In January it emerged she had been referred to the House of Lords Commissioners for Standards.
Labour peer George Foulkes accused her of failing to fully disclose her alleged interests in PPE Medpro and asked if she breached lobbying rules.
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Lady Mone has made clear that she rejects the allegations.
The NCA refused to comment on the swoops. Lady Mone and PPE Medpro have been approached for comment.
MICHELLE Mone grew up in poverty — sharing a bedroom with her parents in a flat with no bath.
The Glasgow-born tycoon left school at 15 with no qualifications and began working as a model.
She later became head of marketing at Labatt Brewing Company and, after being made redundant, founded MJM International with ex-husband Michael Mone.
The pair launched Ultimo lingerie in 1997 selling Michelle’s silicon-based and cleavage-enhancing bras. It was a huge success with the company soaring in value to £50million by 2010 before it was sold in 2014.
Her personal fortune is now estimated at £20million to £80million.
Earlier this year, The Sun revealed how the Tory peer was quizzed under police caution over claims she sent a racist text.
She allegedly told Richard Lynton-Jones, who is of Indian heritage, that he was “a waste of a white man’s skin”.
Lady Mone was not arrested and denies the claims. Her lawyers insisted: “She is not a racist.”
