"Peter Mandelson did not want, he wrote disdainfully to the convicted sex offender Jeffrey Epstein, to live by salary alone. Not for him the life of the little guy, slave to a mere six-figure salary: he had always aspired to something grander, a lifestyle well beyond his means, to which rich men such as Epstein were so often his passport."
"In 2003 and 2004 it was Epstein, at least according to files released in the US this week, suggesting the financier paid 55,000 into Mandelson's bank account, though he now says he can't find records of it. Five years later, in 2010, the files record Mandelson confiding in Epstein of his hopes for a gig with merchant bankers JP Morgan, where he could leverage his networks to make the really big deals."
"How lucky, then, that he had allegedly been so helpful to Wall Street just a few months earlier at the height of the banking crisis: passing on inside snippets of government thinking during the crash, according once again to those telltale files, and suggesting via Epstein (at the time recently released from jail) that JP Morgan should mildly threaten the British chancellor, Alistair Darling, to get around a proposed ban on bankers' bonuses."
Peter Mandelson sought a lifestyle beyond a public salary, accepting financial help and favours from wealthy associates including Jeffrey Epstein. He secretly borrowed from colleague Geoffrey Robinson and is linked to a reported £55,000 payment from Epstein into his bank account in 2003–04, which he says he cannot find records for. He later discussed ambitions for a JP Morgan role where he could use his networks to arrange large deals and reportedly passed inside government thinking during the banking crisis. His partner requested £10,000 from Epstein for training and a laptop that was never declared, and Mandelson has since quit Labour and faces loss of title.
Read at www.theguardian.com
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