Rob Clarke, chief investigator at the Insolvency Service, said: ‘Tanveer Khan constructed an elaborate and calculated deception, fabricating an NHS contract, forging delivery notes and doctoring bank records to deceive investors out of millions of pounds. This was not a moment of poor judgement but a sustained and deliberate campaign of dishonesty.

‘His wife played a significant role in allowing false paperwork to be presented to lenders and investors, and the court has rightly held her to account by disqualifying her for the next 10 years.

‘These disqualifications send a clear message that those who abuse the trust of investors and exploit the reputation of the NHS will face serious and lasting consequences.'

Tanveer Khan, 55, portrayed himself as the mastermind behind a booming medical supply business fulfilling a lucrative £9.8m order for ICU beds on behalf of NHS Wales.However, the order never existed.

Khan used the fake contract to dupe investors into believing Matz Medical Limited was delivering hundreds of high‑value hospital beds to an NHS Shared Services facility in Pontypool, South Wales.

In reality, the company had been suspended from all NHS Supply Chain frameworks since 2019.

A separate claim in the region of £16.5m brought by the joint administrators against Tanveer Khan for breaching his duties as a company director and causing losses to creditors remains ongoing.

Tanveer Khan was also declared bankrupt in March 2023.