Manolete Hires Former Government Counter-Fraud Expert
Manolete Partners Plc ("Manolete" or the "Company"), the leading UK-listed insolvency litigation financing company, today announces that Lord Theodore Agnew will be joining the Company as an expert counter fraud adviser.
Commencing 6 February 2023, Lord Agnew will support the Company in further developing its practice in assisting UK financial institutions to recover monies for the taxpayer that were unlawfully misappropriated under the UK Government's Bounce Back Loan Scheme. That scheme was launched in 2020 in response to the Covid-19 pandemic and was aimed at supporting small and medium-sized businesses to borrow between £2,000 and £50,000 at a low interest rate, guaranteed by the UK Government.
Lord Agnew was a former Cabinet Office and Treasury Minister, with responsibility for counter fraud in HM Government.
Steven Cooklin, CEO of Manolete, commented: "We are delighted to have one of the country's leading counter-fraud experts join our team as we progress our efforts to support the Government in the important area of Bounce Back Loan recoveries, specifically where Directors of UK companies have misappropriated those monies from their companies".
Lord Agnew commented: "Working in conjunction with Government agencies and leading financial institutions, Manolete has developed an effective solution to assist in maximising the recovery of Bounce Back Loans that were unlawfully misappropriated by some UK company directors. I look forward to assisting the company in its recovery programme".
For further information please contact:
Steven Cooklin (Chief Executive Officer)
via Instinctif Partners
Peel Hunt (NOMAD and Sole Broker)
+44 (0)20 7418 8900
Instinctif Partners (Financial PR)
+44 (0)7949 939237
Manolete Partners Plc is listed on the AIM market of the London Stock Exchange (MANO). Company website: www.manolete-partners.com
Lord Theodore Agnew was Minister of State at the Cabinet Office and Her Majesty's Treasury from 14 February 2020 to 24 January 2022. He was previously Parliamentary Under Secretary of State for the School System from 28 September 2017 to 14 February 2020. He also served as a lead non-executive board member at the Ministry of Justice, and a non-executive board member at the Department for Education where he was chair of the department's Academies Board from 2013 to 2015.