"The intervention follows disclosures contained in an internal JP Morgan report from 2019, which was later filed in a New York court. The document included emails in which Epstein claimed to have facilitated meetings between Mandelson and Jes Staley, then chief executive of JP Morgan's investment banking arm, at a time when the bank was exploring the acquisition of RBS's commodities assets."
"The exchanges took place months after Epstein had been released from prison in the United States following a conviction for soliciting a minor, a fact that has intensified scrutiny of his continued access to senior political and financial figures. In a written parliamentary question, Kevin Hollinrake, the Conservative Party chairman and former business minister, asked what records the Department for Business and Trade held relating to correspondence involving Mandelson, Epstein and the Sempra transaction."
Senior Conservatives have demanded clarity on the $1.7bn sale of parts of Royal Bank of Scotland's Sempra joint venture to JP Morgan in 2010 during Lord Mandelson's tenure as business secretary. A 2019 internal JP Morgan report filed in New York courts included emails where Epstein claimed to have arranged meetings between Mandelson and Jes Staley while the bank explored acquiring RBS commodities assets. The exchanges occurred months after Epstein's release from prison for soliciting a minor. Kevin Hollinrake asked the Department for Business and Trade for records; minister Kate Dearden said retrieval would be disproportionately costly. Mike Wood later confirmed electronic records are searchable, prompting calls for transparency.
Read at Business Matters
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