RCS - Manolete Partners - Hire of Former Government Counter-Fraud Expert

Manolete PartnersAnnouncement

06/02/2023 07:00

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RNS Number : 9324O  Manolete Partners PLC  06 February 2023

6 February 2023

 

MANOLETE PARTNERS PLC

 

("Manolete" or the "Company")

 

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:

 

 Manolete Partners                          via Instinctif Partners

Steven Cooklin (Chief Executive Officer)

 Peel Hunt (NOMAD and Sole Broker)          +44 (0)20 7418 8900

Paul Shackleton

 Instinctif Partners (Financial PR)         +44 (0)7949 939237

Tim Linacre

Victoria Hayns

 

 

Editor's Notes:

Manolete Partners Plc is listed on the AIM market of the London Stock Exchange
(MANO). Company website: www.manolete-partners.com
(http://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.

 

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