British Scandal Michelle Mone | Update: How Could £122 Million Just Vanish? | 4
Dec 3, 2025
David Conn, an investigative journalist for The Guardian known for uncovering high-profile corruption, returns to discuss the latest twists in the Michelle Mone scandal. He shares insights on a major court ruling against PPE MedPro regarding a £122 million contract breach. Conn explores the challenges of recovering funds amid insolvency and limited assets. He also highlights the National Crime Agency's investigation, systemic procurement issues, and the ongoing public scrutiny surrounding the case. Plus, he reacts to Matt's earlier impression of him!
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Gowns Ruled Unfit For Purpose
- The High Court found PPE MedPro's gowns were not certified sterile and therefore unfit for purpose.
- David Conn says the judge's 87-page judgment followed clear evidence showing life-and-death regulatory importance.
Judgment Debt Likely Unrecoverable
- PPE MedPro was ordered to repay £122m and missed the 15 October 2025 deadline, pushing the bill toward £150m with interest.
- Conn explains administrators found almost no money in the company, making recovery of public funds unlikely.
Limited Liability Blocks Easy Recovery
- Limited liability shields directors from automatic personal liability, so recovering debts from individuals is legally difficult.
- Conn says administrators face costly, complex hurdles to pursue third parties for assets.