The founder of Innova Medical Group says his business collected $2bn (£1.6bn) in profits, one of the largest fortunes banked by any medical supplier in the scramble for lifesaving equipment in the early months of the pandemic.
In a storm of claims and counterclaims, Innova's boss, Charles Huang, is accused by former associates of "squandering" or moving $1bn of those profits and spending lavishly on luxury aircraft, an $18m house in Los Angeles and "homes for his mistresses".
The previously little-known Chinese-American businessman's fortune was transformed by the UK taxpayer through 11 government contracts worth approximately £4.3bn for lateral flow tests (LFTs) made in China and sold by Innova. The government fast-tracked the company after its British representatives sent a direct email to Dominic Cummings, the chief adviser to the then prime minister, Boris Johnson, in July 2020. A Guardian investigation has found the fast-tracking of Innova was supported by the then chancellor Rishi Sunak's team at the Treasury.
Innova became for a period of at least four critical months the only company authorised to supply rapid Covid tests in the UK, despite scores of others developing similar kits. At the time, the government spending watchdog raised concerns, saying the lack of competition posed "risks to value for money".
In his evidence to the Covid inquiry last October, Cummings told how he had pushed through the first Innova contract with backing from Sunak's team. The intention was to allow the economy to reopen by providing enough kits for up to 10 million people a day to test for the disease. The plan, labelled "moonshot", was met with scepticism by scientists, including Jonathan Van-Tam, the then deputy chief medical officer for England, who has told the inquiry that he had "real doubts about whether it was workable". The moonshot plan became part of NHS test and trace.
هذه القصة مأخوذة من طبعة June 18, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة June 18, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Bajrami and McCausland to the fore as Rangers seal impressive victory
Rangers made a storming start to their Europa League campaign with a 2-0 win over Malmö in Sweden that should have been even more emphatic. Nedim Bajrami scored his first goal for the Ibrox club in less than a minute and Philippe Clement's side passed up several chances to add a second before the interval.
Thames credit ratings cut to lower levels of junk as default fears grow
Thames Water's debt rating has been slashed to the lower levels of junk by two major credit rating agencies, piling further pressure on the UK's biggest water company, which is rapidly running through cash and fighting to stave off renationalisation.
Austria Fears rise over prospect of far-right election win
After topping the Austrian poll in June's EU elections, the far-right Freedom party (FPÖ) seized the moment, calling for the appointment of an EU \"remigration\" commissioner to be tasked with the forced return of migrants and citizens with a migration background to their countries of origin.
'Cold and direct' Fayed's security chief accused of facilitating abuse
It was May 1991 and Mohamed AI Fayed was in a foul mood. \"I told you, no sex with anybody else, no relationship with anybody else,\" he ranted.
Allegations made over tycoon's years at Fulham FC
Sexual assault allegations have been made relating to Mohamed AI Fayed's 16 years of ownership of Fulham Football Club, lawyers representing his accusers have said.
'No sane people are going' Leadership race casts pall over Tory conference
On Tuesday, four candidates will make their pitches to lead the Conservative party from a conference stage in Birmingham. Their immediate challenge after the Tory rout this summer will be to reinvigorate demoralised MPs and members.
Pandemic as deadly as Covid-19 'a certainty', says Whitty
Another pandemic as big as the Covid crisis that killed 7 million people worldwide was \"a certainty\", Prof Sir Chris Whitty warned yesterday, as he said the UK's lack of intensive care capacity for the sickest patients was a \"political choice\".
Naomi Campbell banned as charity trustee for five years
Naomi Campbell has been banned from being a charity trustee after a watchdog investigation uncovered widespread evidence of financial misconduct at the poverty relief charity she founded.
Family haunted by last moments of teenager killed by 12-year-olds
The family of a man killed by the UK's youngest knife murderers have said they are haunted by thoughts of his last moments and \"how scared he must have been\".
London rail stations to be shut for up to eight days over festive period
Some of London's main railway stations will be closed and train services diverted at Christmas time, Network Rail has said.