Peter Mandelson's former lobbying firm sought lucrative foreign business deals with Russia and China shortly after he left government, emails show. The disgraced former minister had been a member of the House of Lords at the time.
After leaving office in May 2010, Mandelson began pushing for high-paying jobs with mining company Glencore and oil major BP. However, he also continued to pursue foreign business opportunities with companies controlled by the Russian state and Chinese government.
In emails exchanged with his business partner Benjamin Wegg-Prosser, it appears that Global Counsel, the lobbying firm they co-founded in November 2010, was seeking lucrative work with companies such as Rusnano and China International Capital Corporation.
Rusnano is a technology investment fund owned by the Russian state, while China International Capital Corporation is a state-owned investment company.
Mandelson and Wegg-Prosser met Jeffrey Epstein, who was convicted of child sex abuse, in March 2010 to discuss business opportunities. The meeting took place at Epstein's New York townhouse.
Emails also show that Mandelson and Wegg-Prosser had discussions with high-ranking officials from other countries including Iran and Greece.
In one email, it appeared that Global Counsel was seeking to secure a lucrative deal with the Greek state-owned development fund to provide "political awareness" of its role. The firm's bid was pitched as part of a strategy to establish links with top-level policymakers across Europe.
The revelations have raised questions about Mandelson's judgment and integrity, particularly in light of his friendship with Epstein, who was under investigation when he died in 2019.
Global Counsel has distanced itself from the scandal, revoking Mandelson's voting rights and pushing him to divest his stake in the business.
After leaving office in May 2010, Mandelson began pushing for high-paying jobs with mining company Glencore and oil major BP. However, he also continued to pursue foreign business opportunities with companies controlled by the Russian state and Chinese government.
In emails exchanged with his business partner Benjamin Wegg-Prosser, it appears that Global Counsel, the lobbying firm they co-founded in November 2010, was seeking lucrative work with companies such as Rusnano and China International Capital Corporation.
Rusnano is a technology investment fund owned by the Russian state, while China International Capital Corporation is a state-owned investment company.
Mandelson and Wegg-Prosser met Jeffrey Epstein, who was convicted of child sex abuse, in March 2010 to discuss business opportunities. The meeting took place at Epstein's New York townhouse.
Emails also show that Mandelson and Wegg-Prosser had discussions with high-ranking officials from other countries including Iran and Greece.
In one email, it appeared that Global Counsel was seeking to secure a lucrative deal with the Greek state-owned development fund to provide "political awareness" of its role. The firm's bid was pitched as part of a strategy to establish links with top-level policymakers across Europe.
The revelations have raised questions about Mandelson's judgment and integrity, particularly in light of his friendship with Epstein, who was under investigation when he died in 2019.
Global Counsel has distanced itself from the scandal, revoking Mandelson's voting rights and pushing him to divest his stake in the business.