London: Canada’s second-largest pension fund is suspending future investment plans with Dubai logistics giant DP World over ties between its CEO and Jeffrey Epstein, Bloomberg reported.
A spokesperson for Caisse de Depot et Placement du Quebec said in a statement: “We have made it clear to the company that we expect it to shed light on the situation and take the necessary actions. Until then, we are pausing additional capital deployment alongside the company.”
It follows revelations that Sultan Ahmed bin Sulayem, DP World’s CEO and chairman, exchanged intimate and personal messages with the disgraced financier for more than a decade after Epstein’s 2008 conviction for sex offenses in the US.
The messages were revealed as part of the latest cache of files released by the US Department of Justice.
The Emirati CEO and Epstein discussed the details of useful contacts in business and finance, proposed deals and made explicit reference to sexual encounters, the files show.
