[GRADE B — Metropolitan Police investigation, public reporting February 2026]
Peter Mandelson — connected to the Rothschild network through Nat Rothschild — became the subject of a criminal investigation in February 2026.
Nat Rothschild previously characterized Mandelson as "tragically naive as to how the financial system works" and a "sucker" whom Lazard wanted only "for his brand." In 2008, Mandelson met Nat Rothschild and Russian oligarch Oleg Deripaska on Deripaska's yacht near Corfu while Mandelson was EU Trade Commissioner.
February 3, 2026: Metropolitan Police launched a formal criminal investigation into Mandelson for misconduct in public office. DOJ files revealed: (a) Mandelson shared early notice of a EUR 500 billion EU bank bailout with Epstein, (b) he disclosed lobbying efforts regarding a proposed 50% "super tax" on bankers' bonuses, (c) Epstein wired $75,000 to Mandelson, (d) in 2010, Mandelson attempted to secure a Russian visa for Epstein via Deripaska's contacts.
February 6, 2026: Police executed search warrants at two properties — Wiltshire and Camden (north London). Mandelson (age 72) has not been arrested.
Mandelson resigned from the Labour Party, then from the House of Lords. He was stripped of the High Steward of Hull title and a university rescinded his honorary doctorate. MI6 reportedly warned Downing Street of Mandelson's Russia links before his appointment as Washington ambassador. A US House committee has requested his cooperation with a deadline of February 27, 2026.
WHAT THIS SHOWS AND DOES NOT SHOW: The Mandelson investigation creates a direct link between the Rothschild network (via Nat Rothschild) and an active criminal proceeding. However, neither Nat Rothschild nor other family members are subjects of the investigation. The investigation targets Mandelson's personal conduct.