EU’s anti-fraud agency set to investigate Peter Mandelson
Financial Times
February 26, 2026
AI-Generated Deep Dive Summary
The European Union's anti-fraud agency, OLAF, is set to launch a wide-ranging investigation into Peter Mandelson, the former trade commissioner who played a key role in shaping EU trade policies. The probe comes amid growing scrutiny of his actions during his tenure and allegations of misconduct that could have significant implications for EU business and finance. While details of the inquiry are not fully public, it is expected to examine potential wrongdoing related to his time in office, including issues surrounding state aid and subsidies.
Mandelson, who served as a trade commissioner from 2007 to 2010, has been a controversial figure in EU politics. He was previously implicated in the Airbus corruption scandal, which involved allegations of bribery to secure contracts for the aerospace company. His involvement in high-stakes trade negotiations and his influence over EU policies make him a critical figure for this investigation. The inquiry could shed light on whether he improperly used his position to benefit certain businesses or engage in financial misconduct.
The investigation is significant not only for Mandelson's personal reputation but also for its potential impact on EU business interests.
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Originally published on Financial Times on 2/26/2026