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Boss of US firm given £4bn in UK Covid contracts accused of squandering millions on jets and properties

Rishi Sunak’s team helped fast-track deal with firm founded by Charles Huang, who says contracts generated $2bn profit

In California, state of sunshine and palm trees, a small group of men are locked in a big legal fight over the money made by a US company selling Covid tests to the British government. 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 during the scramble for lifesaving equipment in the early months of the pandemic.

In a storm of claims and counter-claims, Innova’s boss, Charles Huang, is accused by former associates of “squandering” or moving $1bn of those profits, spending lavishly on luxury aircraft, an $18m house in Los Angeles and “homes for his mistresses”.

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Read the original article at The Guardian

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