Mandy says he "misled" us about Deripaska

Mandy explains in a letter to the Times how he came to "mislead" us about meetings with the Russian oligarch Deripaska. The Times says

Lord Mandelson has admitted that the public were misled about when he first met the oligarch Oleg Deripaska and acknowledged that his new ministerial role requires him to be more careful about his contacts with the wealthy.

Amazing how he only came out with this statement after he had Mandied Osborne along with his pal Rothschild. You would have thought that someone so involved with this case would have remembered his prior contacts a little earlier.

Mandelson's full letter is here where he promises to be a good little boy in the future. What else will he remember and when are we going to hear some more about the alleged tapes of his meetings with Deripaska.

I’ll be more careful, says Lord Mandelson - Times Online

Mandy and his Friends

According to the Times

Lord Mandelson has frequently accepted hospitality from Nathaniel Rothschild, including a stay at his chalet in the Alps.

The depth of the friendship between the former European Trade Commissioner and the international financier has emerged as the extent of business links between Mr Rothschild and Oleg Deripaska, the Russian oligarch, has become clear.

Lord Mandelson stayed at Mr Rothschild’s home in Klosters, Switzerland, earlier this year. In August he was a guest of Mr Rothschild in Corfu, during which he was “billeted” on Mr Deripaska’s yacht because there were so many guests staying at the family villa.

The Times then goes onto explain a little of the web that links Mandy to this little partnership and explain how throughout this the sainted Mandelson has not been affected in performing his roles at the EU and now in the British Parliament.

Whilst the Times may believe that, and from my reading, they are more than a little reluctant to do so, I am more than a little worried that someone who has already had to resign twice because of some "difficulties" might again got himself into a pickle.

If Osborne is supposed to have show a degree of lack of judgment, then Mandelson has a complete lack of judgment, that has already impacted his chosen career.

It's time that this servant of us, the public, came clean and told the full story of the relationship he has with Mr Rothschild's, Deripaska and the others in his little web.

Perhaps the Prime Minister might want to get someone to answer these allegations.

Lord Mandelson’s friendships ‘did not affect his EU role’ - Times Online

Rothschild and Mandy - Just Good friends

The Rothschilds and Peter Mandelson are as they say just good friends. This article is by Jonathon Carr from the Sunday Times on 22nd September 2002. Now I wonder what has happened in the past 6 years that might have lead to what has been going on in the news for the past week. Or is it as Nick Robinson from the BBC said Osborne paying a heavy price for breaking the rules of the rich man’s club… Mandelson’s revenge.

HE IS a man with generous friends. Peter Mandelson, the former secretary of state for Northern Ireland, has found a new backer for his political ambitions in the shape of Sir Evelyn de Rothschild, the multi-millionaire banker. De Rothschild may be 21 years Mandelson’s senior but the two have become firm friends, lunching and sharing an interest in Albanian affairs. When the banker married his third wife two years ago, Mandelson was a guest. So it is perhaps no surprise that de Rothschild has emerged as the mystery funder of Policy Network, a “super think tank” that boasts some of No 10’s senior policy advisers on its board and is chaired by none other than Mandelson. The sum donated to date is said to be £250,000. The name of the donor is missing from the think tank’s accounts, but its directors have been privately concerned that they will look secretive if they continue to hide his identity. One tipped off The Sunday Times last week: “It hasn’t been publicised, but de Rothschild’s involvement is well known to the board.” Last night critics said the donation is yet another example of a businessman with vast commercial interests in government policies giving “cash for access” via a Labour think tank. De Rothschild and Policy Network have declined to comment on the matter. De Rothschild, 71, heads the British arm of the Rothschild banking dynasty and chairs N M Rothschild & Sons, its merchant bank. His personal fortune is estimated in The Sunday Times Rich List as £500m. Mandelson’s attraction to rich men has already led to him resigning from the government twice. The revelation that Geoffrey Robinson, the multimillionaire businessman and Labour MP, had loaned him £330,000 to buy a home prompted his first resignation from the Department of Trade and Industry. Then his friendship with the billionaire Hinduja brothers led to his downfall as Northern Ireland secretary when he was accused of helping them obtain British passports. De Rothschild was not previously known to have political leanings but the donation is attributed to Mandelson’s influence and to the banker’s wife Lynn Forester, a friend of Bill Clinton and part of New York’s Democratic party elite. The couple’s friendship with Mandelson blossomed when he was flown to Albania, where de Rothschild and Lord Sainsbury are trying to preserve the city of Butrint, a world heritage site. In June this year the de Rothschilds were among the organisers of a “progressive” leaders’ conference run by Policy Network at Brocket Hall in Hertfordshire, which attracted Clinton and the prime minister. In the evening, the gathering moved to Ascott House, de Rothschild’s home in Buckinghamshire, for a seated banquet for 100. The board of Policy Network — set up by a group of young Blairites in 2000 — reads like a Who’s Who of Labour’s inner circle. It includes Andrew Adonis, head of Downing Street’s policy unit, Roger Liddle, a senior member of the No 10 policy unit, Lord Levy, Blair’s chief fundraiser, and Adair Turner, the former CBI director who is now part of Blair’s “blue sky” thinking unit. When Mandelson resigned as Northern Ireland secretary, both Policy Network and No 10 steered the MP for Hartlepool in its direction. A source close to the think tank claimed it was all part of attempts by Downing Street and friends to “feather bed” his second fall from grace. According to Policy Network directors, the de Rothschilds gave the money to a charity, the Policy Network Foundation, before Mandelson came on board. A Downing Street spokesman denied that there was any conflict of interest between Adonis’s and Liddle’s presence on the board. He said: “These are unpaid positions from which no financial gain is sought or received.”

H/T to Barry on PoliticalBetting

Rothschild bankrolls Mandelson think tank