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Nat Rothschild looses LIBEL CASE --- ROFL !!!!!!!

Started by EvadingGrid, Feb 10, 2012, 12:30:55 PM

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Pictures that show billionaire Nat Rothschild WAS in Russia with Lord Mandelson for business as well as pleasure - as Mail wins libel case

By Michael Seamark

Billionaire financier Nat Rothschild exposed his friend Peter Mandelson to accusations of a conflict of interest while the Labour peer was an EU trade commissioner, the High Court ruled today.

The Swiss-based hedge-fund manager had launched a libel battle against the Daily Mail over his trips to Moscow and Siberia with Lord Mandelson and a Russian oligarch.

He claimed an article painted him as a 'puppet-master' willing to exploit his friendship with the former Labour spin doctor to impress his business associate, metals magnate Oleg Deripaska.

But he lost the case, and photographs of him, Lord Mandelson and Deripaska at an aluminium smelting plant, were ruled by the judge, along with other evidence, to disprove Rothschild's claim that the visit has no business-related purpose.

During the court case a judge heard that 40-year-old Mr Rothschild  flew Mr Mandelson to Moscow in his private jet and that Mr Deripaska's office arranged an 'informal meeting' for him with a Russian finance minister at an exclusive restaurant.

The three men then flew to Siberia in billionaire Mr Deripaska's luxurious private plane before visiting an aluminium factory at the centre of an EU review.

Mr Rothschild had asked for very substantial damages from Associated Newspapers but a High Court judge yesterday rejected the claim and accepted the Mail's submission that Mr Rothschild's conduct was 'inappropriate in a number of respects.'

Mr Justice Tugendhat said: 'In my judgment that conduct foreseeably brought Lord Mandelson's public office and personal integrity into disrepute and exposed him to accusations of conflict of interest, and it gave rise to the reasonable grounds to suspect that Lord Mandelson had engaged in improper discussions with Mr Deripaska about aluminium. '

In his judgment, Mr Justice Tugendhat refers to photographs taken during the trip to the Siberian plant.

Read more: http://www.dailymail.co.uk/news/article-2099254/Victory-Daily-Mail-Banker-Nathaniel-Rothschild-loses-libel-action-Lord-Mandelson-meeting-report.html#ixzz1m0P2SpTL


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