The knives into Mandleson

It didn't take long for the media to start digging the dirt on Peter Mandleson and this morning's Sunday Times makes the first move

It reports that the new business minister

gave trade concessions worth up to £50m a year to Russia’s richest man who has entertained him on his superyacht.
The encounter on the 238ft yacht, Queen K, in Corfu this summer was the latest in a series of social meetings between Mandelson and Oleg Deripaska — known as the “king of aluminium” — during the politician’s term as European Union trade commissioner.
In the past three years Mandelson twice acted to cut European aluminium import duties. Deripaska’s company Rusal, the world’s largest producer of aluminium, was one of the main beneficiaries

Meanwhile many of the papers are reporting his alleged pay off from his role as EU commissioner,this from the Independent

Peter Mandelson will pick up a £1m "golden goodbye" package following his departure from Brussels, despite walking out after serving only four years as Britain's European Commissioner.
The new Business Secretary will receive a £104,000 salary as a minister in the House of Lords, and qualifies for a total of £234,000 in "transitional payments" over the next three years to help him readjust to life outside the European Commission.
But he is also guaranteed an EU pension when he reaches 65 – in 2018 – starting at £31,000 a year and rising in line with the cost of living. The overall cost of funding such a pension is put at £750,000.