David Davis

Had the hon. Gentleman been here before the last election, he would have sat in this Chamber, I hope, and heard me opine on all those subjects and raise prospective laws to deal with those oligarchs, laws that, sadly, this Government have failed to carry through. That, then, is the backdrop. Mr Deripaska’s visa was revoked by the Americans in 2006, so Mandelson had no excuse for not knowing about his activities, yet as European trade commissioner he saw fit to accept hospitality from Deripaska on multiple occasions over several years, which included visiting him in Moscow and being flown by his private jet to stay at his dacha in Siberia and on his private yacht in the Mediterranean—all while considering whether to give Russian aluminium access to the European market. Deripaska’s activities were known to the British security services, and briefings were available to Mandelson, so, again, there is no excuse. He did this in the full knowledge of who he was dealing with. It was in this position that Mandelson promoted and signed off concessions to Russian aluminium companies, which ultimately benefited Mr Deripaska, or his companies, to the tune of $200 million a year. Although it did not actually happen, one company was due to be the subject of an initial public offering—due to be floated—shortly thereafter. A $200 million change in profits tends to mean a multibillion-dollar change in value, and that will have gone into the pocket of Mr Deripaska. As we all know, Deripaska is a nominee of Putin, so we can assume that a large chunk of it went to Putin as well. In 2008 Mandelson was, very controversially, raised to the peerage by Gordon Brown and appointed Business Secretary. His contact with Epstein did not end. As Epstein was pleading guilty to child sex offences, Mandelson emailed him: “I think the world of you and I feel hopeless and furious about what has happened... Your friends stay with you and love you.” Little remorse there, shall we say, and little pity for the victims. After Lord Mandelson left office when Labour lost the election in 2010, he founded a lobbying firm, Global Counsel. Controversially, he did not name his clients. The House of Lords has rather slack rules about this, so somebody can create a company and just declare that they get however much money from the company, but they do not declare who the customers really are. I do not have documentary records on this, so I am not going to name the companies I am talking about, but there are Russian companies—extremely dubious Russian companies—and Chinese companies. I am looking at my right hon. Friend the Member for Chingford and Woodford Green (Sir Iain Duncan Smith), who would recognise a number of the Chinese companies because he has campaigned about them, but I will leave it there. In the context of Lord Mandelson’s appointment to Washington—and bear in mind that this is all to do with a judgment made about his being the ambassador in Washington—it is his close association with the organs of the Chinese state that should have raised most red flags, if the House will forgive the pun. The Inter-Parliamentary Alliance on China presented a dossier to US Senators, which provoked enough concern that they passed it to the FBI. This may have been a reason—and here I am surmising—for the purported concerns about whether the Trump Administration would allow Mandelson’s accreditation back in January.