Aspen Medical was given more than $1 billion in government PPE contracts despite no experience in large-scale procurement.
Canberra-based Aspen Medical would go on to win taxpayer-funded contracts — without a public tender — worth more than $1.1 billion.
After combined losses of $7 million over 2018 and 2019, these deals have seen the company's pre-tax profits soar to more than $420 million during the pandemic.
While Aspen Medical had no prior experience in such large-scale procurement, its PPE deals with the Department of Health were worth $500 million more than any other government supplier, including those with a background in the industry.
A Four Corners investigation, in collaboration with Colombo's Sunday Times, also established that Aspen Medical has been embroiled in an international criminal probe into corruption and money laundering.
