Financier Tim Horlick defends role in controversial £253m PPE contract

A City trader who supplied millions of unused facemasks to the NHS has insisted his firm was acting with the nation's best interests at heart, but refused to say how much profit it made from the £253m deal. Tim Horlick - whose company Ayanda Capital won the taxpayer-funded contract at the height of the Covid crisis - denied suggestions of cronyism. He said Ayanda had the relevant skills for the job despite a lack of any experience in the industry. Ayanda was thrown into the spotlight last