Mandelson under formal investigation by EU's anti-fraud office
Summary
The EU’s anti-fraud office has started a formal investigation into Lord Peter Mandelson, a former EU trade commissioner and UK business secretary, over allegations related to his communications with Jeffrey Epstein. The investigation focuses on Mandelson’s actions during his time at the European Commission from 2004 to 2008 and any possible misconduct linked to EU funds or insider information.Key Facts
- Lord Peter Mandelson served as EU trade commissioner from 2004 to 2008.
- The European Commission asked the EU’s anti-fraud office (Olaf) to investigate Mandelson two months ago.
- Olaf has confirmed it has enough information to formally investigate but has not said if fraud is involved.
- The investigation covers Mandelson’s contacts with Jeffrey Epstein and possible misconduct during his EU role.
- Emails suggest Mandelson may have warned Epstein about a large EU bailout during the 2010 eurozone crisis.
- Mandelson denies any criminal wrongdoing and says he was not motivated by money.
- Olaf cannot prosecute but can recommend sanctions, including possibly revoking Mandelson’s pension.
- The UK's Metropolitan Police is also investigating Mandelson over suspected passing of sensitive market information in 2009.
- Mandelson was removed as UK ambassador to the US in 2025 due to his links with Epstein.
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