Victory for Daily Mail as Banker Nathaniel Rothschild loses libel action over Lord Mandelson meeting report

Richard White reports for the Mail Online:

Banker Nathaniel Rothschild lost his libel action today over being portrayed as a 'puppet-master' who brought together Lord Mandelson and Russian oligarch Oleg Deripaska.

The 40-year-old heir to the Rothschild banking dynasty demanded 'very substantial' damages following the publication of a story in the Daily Mail which he said suggested that he had helped smooth a £500 million aluminium deal in 2005.

The article claimed that Mr Rothschild used Lord Mandelson - then European Commissioner for Trade - to impress Oleg Deripaska, the billionaire owner of Russia's biggest aluminium plant, during a visit to Siberia.

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