Thread by @Shiftytherat1

PPE Medpro is probably owned by the Stimler family. They’re probably hiding this ownership behind proxy because of their connection to a Glencore bribery scandal. Thread.
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1/x

PPE Medpro, a newly minted company, won ~£200m of public contracts to supply (the wrong?) medical kit, allegedly with some assistance from Michelle Mone.

Knox Group, owned by Michelle’s husband, provided the shell companies in the UK and IOM.
2/x

Although Anthony Page (a senior Knox employee) claims to own PPE Medpro UK (see CH filings), he’s a professional "rathole" and seems to know very little about medical products:
3/x

I think it belongs to the Stimler family. They made their money trading nuts and coffee…
… and oil.
How can I presume this?
The only real director to appear on the filings of the Knox shellcos is Maurice Stimler:
4/x

Maurice, Sydney and Anthony own a trading conglomerate, built around four core businesses:
- Intertrade International (South Africa)
- Atlantix Commodities (NY)
- BarrowLane&Ballard (UK and Vietnam)
- Loudwater (UK).
5/x

Loudwater Trade & Finance reported an enormous spike in sales, profits and cash generation in the year to Sept ’20, which is when PPE Medpro infamously won those contracts.
6/x

The sales growth of ~£150m is similar in scale to those contracts. What a year it had! When the world was burning and global trade was in free fall, this global trading firm made out like a bandit.

I think this suggests Loudwater was the beneficiary of those contracts.
7/x

But why would they want to hide behind PPE Medpro and Tony Page, the IOM rathole?

Well, perhaps because Anthony Stimler (aka "Hershey"), one of the three key members of the Stimler family, was up on charges of bribery and money laundering in the US courts.
8/x

He pled guilty in Sept this year in the SDNY but had been working with the DOJ for a couple of years as part of a plea deal. He’d been bribing Nigerian officials for over a decade. Yep, crony capitalism is not unique to the UK.
9/x

Hold on though – are we sure it’s the same Anthony? Yeah, pretty sure. Here’s his signature in the SDNY court documents, which matches the one on Loudwater filings:
10/x

Feel free to DM me if you want any original documents.

I cannot believe it is legal for PPE Medpro to act as a front like this, redirecting government contracts to undisclosed third parties.
11/x

As for Mone, well she should still have disclosed this conflict because PPE Medpro (and probably the Stimler family) are clients of her husband. Was her assistance "part of the deal"? I would presume not...
12/x

As an amusing aside, it seems like the Russians find the Stimler's business practices a bit "stinky" as well:
newsnn.ru/news/society/1…

Fin.