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International Business Times UK
International Business Times UK
World
Christian Nogot Puno

UK Shelves Epstein Inquiry for Now, Leaving US Banks' $437.5M Payouts as the Only Resolution in the Scandal

The financial reckoning has happened in America, not in Britain. (Credit: IBTimes UK)

The UK government will not hold a public inquiry into Jeffrey Epstein's British operations yet, with the Ministry of Justice saying on Wednesday that one is 'not being actively considered.' That leaves the $437.5M (£326M) which three US banks agreed to pay the late sex offender's victims as the only institutional money the scandal has yet produced. None of it is British, and none of it came with an admission of liability.

The retreat took less than a day. Victims minister Alex Davies-Jones had suggested in a broadcast interview on Tuesday night that Prime Minister Andy Burnham, in office since July, was weighing an inquiry. 'We are looking into this,' she said, confirming Burnham would meet Epstein's victims. She suggested any wider process might also take in the abuse allegations against the late Harrods owner Mohamed Al Fayed.

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