Mandelson now faces the prospect of many years in prison

Peter Mandelson is likely to be charged with offences of misconduct in public office (MiPO) for leaking highly sensitive market information he received as a UK cabinet minister in the government of Gordon Brown in June 2009.

Mandelson is also alleged to have conspired with Epstein to get a New York banker to threaten the UK finance minister with the sale of UK government bonds to pressure the minister to abandon a plan to tax bankers’ bonuses.

MiPO requires the prosecution...