In a dramatic fallout, veteran Labour politician and former UK ambassador to the US Peter Mandelson resigned from the House of Lords on Tuesday after newly uncovered emails suggested he shared sensitive government information—including market-sensitive details—with the convicted sex offender Jeffrey Epstein.
The Metropolitan Police launched a criminal investigation into Mandelson, 72, for potential misconduct in public office. Reports indicate the communications involved confidential briefings from around the 2008 financial crisis era, with some transfers of funds (up to $75,000) from Epstein to accounts linked to Mandelson also surfacing in the documents.
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