2 Feb, 2023 @ 12:45
1 min read

Much sought-after yacht belonging to scandal-ridden Tory peer Michelle Mone finally tracked down in Barcelona

Michelle Mone Yacht

THE infamous yacht of scandal-embroiled Baroness Michelle Mone has been tracked down near Barcelona by activists who renamed it ‘Pandemic Profiteer’.

The search has been on for the £10 million yacht Lady M since the corruption scandal broke last year surrounding a £200 million government contract to supply PPE given to a firm Mone lobbied on behalf of.

The 40-metre vessel was finally located down the coast from Barcelona in the Vilanova Grand Marina by UK campaigners Led By Donkeys.

Michelle Mone Takes Seat In House Of Lords
Michelle Mone, who was admitted to the House of Lords as Baroness Mone of Mayfair after being made a Tory peer in 2015, is accused of lobbying for a firm to receive government PPE contracts which later sent her £29 million

The group produced a slick video showing a team pulling up next to the yacht in a small boat and plastering the phrase along the hull, explaining that ‘We’ve all paid for the boat so that’s why we’ve renamed it’.

Baroness Mone is under investigation by National Crime Agency fraud experts and the House of Lords.

She is accused of failing to declare an interest when lobbying for PPE Medpro to supply personal protection equipment to the Government and NHS for £203 million during the Covid pandemic.

Not only have subsequent investigations shown that £29 million of PPE funds from a £65 million profit were transferred by Mone’s husband, Douglas Barrowman, to an offshore trust in the Isle of Man ultimately controlled by his wife.

But on top of this apparent corruption, the surgical gowns supplied were later deemed ‘unfit for purpose.’

The purchase of the yacht was part of a multi-million splurge that included a private jet and property for Mone’s children after the PPE contract was awarded.

Mone stepped down from her position in the House of Lords in December in order to ‘clear her name’ has since fled the UK and was spotted skiing in the Alps immediately afterwards.

Barrowman himself is facing trial in Spain later this year over a series of allegations of fraud that includes corporate tax evasion. 

Spanish prosecutors allege that a payment was made fraudulently to UK firm Axis Ventura in 2008 to avoid paying around £436,000 in tax, and have demanded that Barrowman and his fellow accused pay back the money to the Spanish Treasury.


Walter Finch

Walter - or Walt to most people - is a former and sometimes still photographer and filmmaker who likes to dig under the surface.
A NCTJ-trained journalist, he came to the Costa del Sol - Gibraltar hotspot from the Daily Mail in 2022 to report on organised crime, corruption, financial fraud and a little bit of whatever is going on.
Got a story? [email protected]

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