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Dimon Faces Questions Over Lobbied UK Tax Advice

Financial Times Companies •
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Senator Elizabeth Warren has demanded that JPMorgan Chase CEO Jamie Dimon explain whether he lobbied the UK government against a tax on bankers’ bonuses on the advice of child sex offender Jeffrey Epstein.

The question follows a 2023 sworn statement in which Dimon denied meeting Epstein and said he was not involved in retaining the disgraced financier as a client. Yet a trove of documents released by the US Department of Justice this year has revived doubts about Dimon’s links to Epstein.

In 2009, Lord Peter Mandelson advised Epstein to “mildly threaten” UK Chancellor Alistair Darling over the proposed tax. The FT’s earlier reporting also revealed that Mandelson received £75,000 from Epstein starting in 2003 and that his husband accepted money from theால்.

JPMorgan has reiterated that Dimon never met Epstein and that the bank exited the client in 2013, years before Epstein’s federal arrest. The bank also denied that Dimon ever spoke to the financier or took counsel from him.