Michelle Mone is being investigated over whether she 'sought to profit' over her House of Lords membership.
The Tory peer is allegedly connected to PPE Medpro, a firm that banked £200million worth of Government PPE contracts.
The business landed two contracts to supply the NHS with face masks and surgical gowns, the Mirror reports.
These were worth £203million combined.
Lingerie tycoon Mone, denies being linked to the company.
But the 50-year-old recommended them as a potential supplier to the Cabinet Office in May 2020.
The House of Lords Commissioners for Standards on Monday evening announced a formal investigation
The former Ultimo bra boss will be scrutinised by the probe which aims to determine whether or not she breached seven parts of the House of Lords Code of Conduct.
Baroness Mone said in a statement: “I completely refute these allegations.
“I was asked to help at a time of national emergency. I declared all necessary interests and have done nothing wrong.
“I will cooperate fully with any investigation.”
The paragraphs of the Code of Conduct over which Baroness Mone is being investigated are:
- That peers must comply with the Code;
- That peers “should act always on their personal honour in the performance of their parliamentary duties and activities”;
- That peers “must never accept or agree to accept any financial inducement as an incentive or reward for exercising parliamentary influence”;
- That peers “must not seek to profit from membership of the House by accepting or agreeing to accept payment or other incentive or reward in return for providing parliamentary advice or services”;
- That peers must register all relevant interests;
- That they must declare interests when speaking about relevant matters in the Lords;
- That they must not seek to “confer exclusive benefit” on outside people or firms in which they have a financial interest.
Leaked files this month appeared to suggest that the Conservative Baroness and her husband, Douglas Barrowman, were involved in PPE Medpro.
However, her lawyers said she “was not connected to PPE Medpro in any capacity”, had no “association” with PPE Medpro, and “never had any role or function in PPE Medpro, nor in the process by which contracts were awarded” to the company, according to the Guardian.
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