If you invested through Medical Investments Limited, sometimes known as Med Invest, and that money was ultimately linked to a company called Matz Medical, you are not alone. A growing number of people are coming forward after realising they were caught up in a sophisticated investment scam, one that used the trusted name of the NHS and, in some cases, the language of Sharia-compliant investing to convince people their money was safe.
It wasn’t. But that does not mean you have no way of getting it back.
To be clear from the outset, our understanding is that Matz Medical Limited and its directors are the parties found to have acted fraudulently. Medical Investments Limited (Med Invest) sold or marketed the investments, and we are not aware of any finding that it knowingly took part in wrongdoing.
What was the Matz Medical scam?
Investments sold through Medical Investments Limited, also known as Med Invest, promised very high returns, often around 15 to 20% every six months. Investors were told their money was linked to genuine NHS supply contracts, and some were told the investments were Sharia-compliant, making them attractive to people who wanted to invest in a way that fits with their religious beliefs.
Much of the money raised was passed to a company called Matz Medical Limited, which claimed to be supplying medical equipment to the NHS.
Investors were shown contracts, brochures and due diligence documents that looked professional and convincing. On the surface, everything appeared legitimate.
How the scam was uncovered
Matz Medical Limited was run by directors Tanveer Khan and Tasneem Khan. According to the UK government’s Insolvency Service, Tanveer Khan fabricated a fake £9.8 million NHS contract, supposedly for hundreds of hospital beds for NHS Wales, and forged delivery notes and bank records to back it up.
In reality, that contract never existed. NHS Supply Chain had already suspended all trading with Matz Medical in December 2019, after an audit uncovered serious problems with the company’s stock. Despite this, investors continued to be sold investments on the understanding that genuine NHS contracts were in place.
Matz Medical collapsed into administration in October 2022, leaving creditors facing a shortfall of more than £40 million. In March 2026, Tanveer Khan was disqualified as a company director for 13 years, and Tasneem Khan for 10 years, after the Insolvency Service investigation.
You can read the official findings on the GOV.UK Insolvency Service announcement.
Why this catches so many honest investors out
It is easy to assume that scams only catch people who were careless, but that is not what happened here. This was a professional, well-documented operation that traded on trust in the NHS and, for some investors, trust in Sharia-compliant finance. Investors were sometimes encouraged to invest very large sums, including by remortgaging their homes.
If you invested and later found you could not get your money out, or the returns stopped coming, that is not a sign that you did anything wrong. It is a sign that you were targeted by people who knew exactly how to look legitimate.
Can I get my money back?
Possibly, yes, even if you authorised the payments yourself.
If you paid your bank to send money as part of this scam, your bank may be responsible for reimbursing you. This depends partly on when you made the payment.
- For many payments, banks are expected to follow the CRM Code, a voluntary code that sets out when a bank should refund a customer who has been tricked into authorising a payment.
- For more recent payments, a newer reimbursement scheme for authorised push payment (APP) fraud may apply instead.
In both cases, the starting point is the same: banks are expected to have systems in place to spot suspicious payments, and if they failed to do that, they may need to refund you.
What CEL Solicitors can do
We are already working on Medical Investments and Matz Medical cases, and we have secured refunds for clients who thought they had lost everything. Every case is different, but our fraud recovery team knows this scam, understands the arguments banks tend to raise, and knows how to challenge them.
If your bank has already said no, that is not the end of the road. We regularly appeal decisions and secure refunds on cases that were initially rejected.
What to do next
If you invested with Medical Investments Limited or Matz Medical, or you know someone who did, get in touch with our fraud recovery team for a free, no-obligation assessment of your case. We will listen to what happened, explain your options clearly, and let you know honestly whether we think you have a claim.
