COVID Contracts & Dodgy Deals
Posted: Sat Feb 25, 2023 8:38 am
I'm putting this in the Government section because there's nobody else to point the finger at but them.
As the inquiry looms closer I think we'll need a separate thread to keep this stuff together. Kicking off with this:
As the inquiry looms closer I think we'll need a separate thread to keep this stuff together. Kicking off with this:
Company with just £85 in the bank made £20m profit after Dominic Cummings referred Innova Medical into the ‘VIP’ lane
Good Law Project has seen emails revealing that former No.10 advisor Dominic Cummings referred an offer from two middlemen representing US-based Innova Medical Group within a single hour of being approached.
https://goodlawproject.org/new-company- ... -vip-lane/
The approach came from a firm whose “micro-company” accounts revealed issued share capital of £1 and negative £2k in net assets.
The referral from No.10 was enough to land Innova a place on the VIP lane and the firm subsequently went on to win contracts worth in excess of £4bn – making Innova by far the biggest winners of Covid testing deals during the pandemic.
Within one hour of Dominic Cumings receiving the email, he had referred it to former No.10 advisor William Warr who had in turn referred the offer onto Emma Stanton, the former Director for Supplies and Innovation working on ‘Test and Trace’. Warr also thanked the pair for the “note to Dom”.
Less than two months later, Innova was awarded its first contract, valued at £103m – without competition, to supply lateral flow tests. Innova went on to win 12 contracts to supply Covid tests totalling more than £4bn in value.
Charles Palmer and Kim Thonger contacted Dominic Cummings in July 2020 via their company Disruptive Nanotechnology (trading as Tried and Tested). Companies House records at the time show the firm had only £85 in the bank and owed £3,592 in debts.
Following the eye-watering Innova deals, Disruptive Nanotechnology’s profits surged in 2020/21 to £20.5m with a further £18m cash in the bank. Palmer and Thonger were the company’s only employees at the time.
According to reports, Innova medical group have also cashed in during the pandemic, last year, executives were discovered flying the globe in newly registered Gulfstream jets and purchasing ‘multi million-dollar homes’ directly off the back of contracts awarded by the government.There's lots more in that vein. And this is just one of the many contracts coming under scrutiny.
The decision by the Department of Health and Social Care (DHSC) to award contracts worth £4bn to Innova has been controversial. In June 2021, US regulators issued a strict public warning and banned the use of Innova Covid tests due to “significant concerns that the performance of the test has not been adequately established, presenting a risk to health.” The scathing FDA “warning letter” also suggested that Innova may have falsified evidence in support of the efficacy of the tests.