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Canada\u2019s second-largest pension fund said it would halt future deals with Dubai\u2019s DP World following revelations of ties between the logistics company\u2019s chief executive Sultan Ahmed bin Sulayem and sex offender Jeffrey Epstein. <\/p>\n
La Caisse<\/a>, Quebec\u2019s state pension fund, which has invested billions of dollars in port projects around the world with the group, said it was \u201cpausing additional capital deployment alongside the company\u201d. <\/p>\n The fund is the first of DP World\u2019s global partners to halt deals with the logistics group following the publication of messages between Sulayem and Epstein, which were included in the US Department of Justice\u2019s release of documents<\/a> related to the disgraced financier. <\/p>\n The C$496bn (US$366bn) pension fund said it had \u201cmade it clear to the company that we expect it to shed light on the situation and take the necessary actions\u201d, stressing it was \u201cimportant to distinguish the company, DP World, from the individual, Sultan Ahmed bin Sulayem\u201d.<\/p>\n DP World and Sulayem have repeatedly declined to comment since the FT first reported<\/a> earlier this month on the CEO\u2019s interactions with Epstein, including their messages about sexual experiences and Sulayem\u2019s role helping to arrange training for a \u201cmasseuse\u201d from Epstein\u2019s \u201cprivate spa\u201d.<\/p>\n No action has been taken against Sulayem, one of the most senior commercial figures in Dubai, since the messages were published last month. <\/p>\n