Scrutiny

DP World Under Scrutiny As Canada, UK Freeze New Deals

DP World Under Scrutiny As Canada, UK Freeze New Deals

Two major public finance institutions in Canada and Britain have suspended plans for new projects alongside Dubai-based ports operator DP World after U.S. Justice Department files showed years of private correspondence between the company’s chief executive, Sultan Ahmed bin Sulayem, and convicted sex offender Jeffrey Epstein.

British International Investment (BII), the United Kingdom’s development finance institution, said it would halt fresh commitments involving DP World pending further action by the company.

In a statement, a spokesperson said the agency was “shocked by the allegations emerging in the Epstein files regarding Sultan Ahmed bin Sulayem” and would not pursue additional …