A criminal investigation has been launched into allegations Lord Peter Mandelson passed market-sensitive information to paedophile financier Jeffrey Epstein, the Press Association understands.
Files released by the US Department of Justice apparently showed Lord Mandelson passing material to Epstein while serving as business secretary in Gordon Brown’s Labour administration as it dealt with the 2008 financial crash and its aftermath.
The Cabinet Office had passed material to the police after an initial review of documents released as part of the so-called Epstein files found they contained “likely market-sensitive information” and official handling safeguards had been “compromised”.
The Metropolitan Police is expected to announce on Tuesday evening that Lord Mandelson is being investigated on suspicion of misconduct in public office, the Times reported.
Lord Mandelson is to quit the House of Lords on Wednesday, the Lord Speaker said earlier on Tuesday.
