Barclays Has Dropped Lobbying Firm Co-Founded by Peter Mandelson Amid Epstein Scandal
Banking giant Barclays has reportedly severed ties with Global Counsel, a lobbying firm co-founded by former Labour minister and now Labour party leader Keir Starmer's closest advisor, Peter Mandelson.
The decision comes after intense scrutiny over the firm's dealings with late child sex offender Jeffrey Epstein. Revelations about Mandelson's close relationship with Epstein have sparked a major political scandal. Emails obtained from the US Department of Justice investigation into Epstein's case have raised questions about Global Counsel's involvement in leaking sensitive information to Epstein, including details on government policy.
Barclays' decision is said to be due to frustration over Global Counsel's handling of Mandelson's remaining stake. This move follows a similar review by Vodafone, which has also reviewed its contract with the firm.
Vodafone stated that it will not renew the current one-year contract set to expire in March but did not comment further on potential future deals.
The scandal has also led to Rokos Capital Management terminating talks for an advisory role with Mandelson. The Epstein files have exposed the depth of Global Counsel's connections to influential figures, including Palantir's CEO, who has ties to former US President Donald Trump's administration.
Labour party leader Keir Starmer has come under fire for appointing Mandelson as ambassador to the US, only to discover later that he had lied about his relationship with Epstein. The Labour leader has apologized to Epstein's victims and acknowledged having believed Mandelson's false claims about his ties to the sex offender.
The fallout from the scandal continues to affect Global Counsel, with Barclays' decision marking a significant blow to the firm's reputation.
Banking giant Barclays has reportedly severed ties with Global Counsel, a lobbying firm co-founded by former Labour minister and now Labour party leader Keir Starmer's closest advisor, Peter Mandelson.
The decision comes after intense scrutiny over the firm's dealings with late child sex offender Jeffrey Epstein. Revelations about Mandelson's close relationship with Epstein have sparked a major political scandal. Emails obtained from the US Department of Justice investigation into Epstein's case have raised questions about Global Counsel's involvement in leaking sensitive information to Epstein, including details on government policy.
Barclays' decision is said to be due to frustration over Global Counsel's handling of Mandelson's remaining stake. This move follows a similar review by Vodafone, which has also reviewed its contract with the firm.
Vodafone stated that it will not renew the current one-year contract set to expire in March but did not comment further on potential future deals.
The scandal has also led to Rokos Capital Management terminating talks for an advisory role with Mandelson. The Epstein files have exposed the depth of Global Counsel's connections to influential figures, including Palantir's CEO, who has ties to former US President Donald Trump's administration.
Labour party leader Keir Starmer has come under fire for appointing Mandelson as ambassador to the US, only to discover later that he had lied about his relationship with Epstein. The Labour leader has apologized to Epstein's victims and acknowledged having believed Mandelson's false claims about his ties to the sex offender.
The fallout from the scandal continues to affect Global Counsel, with Barclays' decision marking a significant blow to the firm's reputation.