© Michelle Mone

The assets of former Conservative peer Michelle Mone and her husband Doug Barrowman have been by a court order.

The notice was sought by the Crown Prosecution Service (CPS).

PPE Medro, a company led by Mr Barrowman, is under investigation by authorities.

It was awarded contracts worth more than £200m to supply PPE to the NHS through a so-called “VIP lane”.

PPE Medpro is also being sued by the Department for Health and Social Care.

The Financial Times reports that restrictions had been placed over £75m worth of assets.

They include a townhouse in Belgravia, properties in Glasgow, an estate on the Isle of Man and numerous bank accounts.

The order prevents the sale of some assets and places restrictions on others, the paper said.

A spokesperson for Baroness Mone and Mr Barrowman has confirmed that assets controlled by the couple have been frozen or restrained under a court order obtained by the CPS.

The spokesperson added:

“Doug and Michelle did not contest the application and were happy to offer up these assets, which means they can begin the task of proving their innocence more quickly.

“Mr Barrowman finds it deplorable that private matters such as this are being conducted in the public realm via leaks from government departments and the CPS.”

The National Crime Agency is currently investigating “suspected criminal offences” in contracts for personal protective equipment (PPE) awarded during the Covid pandemic to PPE Medpro.

PPE Medpro, which made profits of around £60m on its deals with the government, is being sued by the Department for Health and Social Care for £122m plus costs for “breach of contract and unjust enrichment”.

Millions of gowns the company supplied to the NHS were never used.

Medpro has said it will “rigorously” defend the claim.