Quebec’s La Caisse, the country’s second-largest pension fund, which holds a 45% stake in DP World Canada, in a statement said it expects the global logistics company to “take necessary actions” after the Dubai firm’s chief executive, Sultan Ahmed bin Sulayem, was identified in the latest release of Epstein files.
La Caisse told Bloomberg in a statement that it is pausing further investment with DP World,
Development agency British International Investment (BII) of the United Kingdom also said it is suspending investment with DP World.
The company, owned by the government of Dubai, manages global port terminals except in the U.S., where its operations are focused on warehouses and other logistics facilities.
FreightWaves has reached out to DP World for comment.
Sulayem was one of a half-dozen men whose names were redacted from the Epstein files by the Trump administration. They were revealed this week by Republican Congressman Thomas Massie and Democrat Ro Khanna.
Sulayem in disclosed correspondence with Epstein from 2007 bragged about his sexual exploits with multiple women. He was also seen in at least one photo with Epstein.
Massie in a post on X shared an exchange of emails in which a sender identified by the Justice Department as Sulayem sent a “torture” video to Epstein.
Sulayem was among dozens of powerful individuals who stayed in contact with Epstein for more than a decade after the financier was convicted in 2008 of child sex trafficking.
La Caisse beginning in 2016 planned to invest $3.7 billion with DP World, including the Port of Jebel Ali in Dubai, the largest port in the Middle East.
In September DP World announced a joint venture to develop the Contreceur container terminal at the Port of Montreal. FreightWaves has contacted the Montreal Port Authority for comment.
Read more articles by Stuart Chirls here.
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