
"Olaf confirmed on Friday that it had recently had 'sufficient information' to launch an investigation, but said it was too early to say whether or not it involved allegations of fraud."
"Among the allegations are that Lord Mandelson gave Epstein advance notice of an impending 500bn EU bailout. Mandelson has not commented on the allegations but has denied acting in any criminal manner."
"Olaf's role is to investigate allegations of fraud that relate to the EU's budget, as well as corruption and serious misconduct within EU institutions."
The EU's anti-fraud office, Olaf, has initiated a formal investigation into Lord Peter Mandelson due to allegations of misconduct during his time as European trade commissioner from 2004 to 2008. The investigation follows a request from the European Commission and focuses on exchanges with Jeffrey Epstein, including claims that Mandelson provided advance notice of a significant EU bailout. Although Mandelson has denied any criminal wrongdoing, Olaf will analyze documents and conduct IT forensics to determine the validity of the allegations.
Read at www.bbc.com
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