Mandelson Promised Epstein Efforts in Changing Bonus Policy, Documents Reveal
The recent release of emails by the U.S. Department of Justice has unveiled troubling connections between Peter Mandelson and Jeffrey Epstein. In the correspondence, Mandelson indicated he was making efforts to modify government policy on bankers’ bonuses at Epstein’s request.
Revealing Documents
The emails, dated September and December 2009, highlight a close relationship between the disgraced financier Jeffrey Epstein and Lord Mandelson, who served as the UK business secretary under Prime Minister Gordon Brown. The documents indicate that Epstein had made a financial transfer to Mandelson’s husband, Reinaldo Avila da Silva, specifically to fund an osteopathy course.
Financial Ties
- In September 2009, Epstein agreed to wire £10,000 to Reinaldo Avila da Silva.
- Da Silva confirmed the receipt of funds shortly after.
Epstein had been released from prison in July 2009 after pleading guilty to trafficking a minor. This timing is crucial, as it suggests a significant context surrounding the interactions between these individuals.
Changes to Bonus Policy
Later emails reveal that Mandelson was actively discussing potential changes to the taxation of bankers’ bonuses. This was a contentious issue following the 2008 financial crisis, which prompted the government to intervene and rescue failing banks.
- On December 9, 2009, Chancellor Alistair Darling announced a 50% “super tax” on bonuses.
- Mandelson expressed frustration that the Treasury was resisting changes to this policy.
In numerous exchanges, Epstein inquired about the possibility of amending the tax structure, specifically to exclude the cash portion of bonuses. Mandelson responded affirmatively, stating he was making efforts to address the matter but encountered reluctance from the Treasury.
Political Implications
The emails also touch upon political dynamics, with Epstein commenting on then-Prime Minister Gordon Brown’s political standing ahead of an upcoming election. The correspondence underscores the depth of their interaction, as they frequently discussed personal matters, career prospects, and media representation.
Other Noteworthy Exchanges
- Mandelson inquired about Epstein’s opinion on joining the board of Facebook.
- Epstein shared a Guardian article speculating on Mandelson’s candidacy for the International Monetary Fund.
The investigation into their communications has raised questions regarding the ethics and potential impropriety of these exchanges. Mandelson’s camp has denied any wrongdoing, emphasizing no correlation between his email exchanges and Epstein’s nefarious activities.
Conclusion
The emails reveal a complex network of relationships and the troubling intersections between finance, politics, and personal connections. The implications of these revelations continue to unfold, emphasizing the need for transparency in political and financial dealings.
