Lord Peter Mandelson, a prominent Labour figure, has seen his political career come to a dramatic end following the release of new documents from the Epstein files. The 72-year-old veteran has resigned from the Labour Party to prevent "further embarrassment" and has stepped down from the House of Lords under mounting pressure.
Epstein Files Expose Deep Ties
The latest release by the US Department of Justice, comprising over three million pages, details Lord Mandelson's close association with Jeffrey Epstein, the convicted paedophile financier. This connection led to his dismissal from his role as US ambassador in September last year.
Criminal Investigation Launched
A criminal probe has been initiated by the Metropolitan Police into allegations that Lord Mandelson leaked market-sensitive information to Epstein during his tenure as business secretary. The investigation focuses on potential misconduct in a public office.
Key Revelations from the Documents
The files contain emails suggesting Lord Mandelson may have provided Epstein with advance notice of a €500 billion EU bank bailout in 2010. In one exchange, Epstein wrote, "Sources tell me 500 b euro bailout , almost complete," to which Mandelson replied, "Sd be announced tonight." This information could have been exploited for financial gain.
Policy Influence on Bankers' Bonuses
Further emails indicate Lord Mandelson attempted to alter government policy on bankers' bonuses at Epstein's request. In December 2009, he wrote, "Trying hard to amend as I explained to Jes last night. Treasury digging in but I am on case." This occurred just months after Epstein had provided financial assistance to Mandelson's husband.
Financial Transactions and Payments
The documents reveal that Epstein made payments totalling $75,000 to Lord Mandelson between 2003 and 2004, with some funds directed to accounts in his name or his partner's. Lord Mandelson has stated he has "no record and recollection of ever receiving these sums" and is conducting his own inquiries.
Support for Husband's Education
In 2009, Epstein appears to have sent thousands of pounds to Lord Mandelson's husband, Reinaldo Avila da Silva, to cover osteopathy course fees. Email correspondence shows da Silva requesting help with expenses, and Epstein agreeing to wire the funds.
Controversial Images and Responses
The file release includes photographs of Lord Mandelson in his underwear, reportedly taken at Epstein's Paris apartment. A spokesperson for Lord Mandelson has questioned the origin and connection of these images to Epstein.
Apology and Regret
Lord Mandelson has issued a public apology, saying, "I was wrong to believe Epstein following his conviction and to continue my association with him afterwards. I apologise unequivocally to the women and girls who suffered." He has also expressed regret over "a handful of misguided historical emails."
Ongoing Fallout and Investigations
The Metropolitan Police continues to assess reports related to the allegations, while Lord Mandelson faces scrutiny over the authenticity of some documents, citing discrepancies in details. This scandal marks a significant blow to his legacy in British politics.
