UK institution freezes investments with DP World over Epstein links

LONDON, Feb. 14 (YPA) – British International Investment (BII), the UK government’s development finance institution, has announced a halt on new investments with DP World.

This decision follows allegations regarding ties between the port operator’s CEO, Sultan bin Sulayem, and the late financier Jeffrey Epstein.

BII expressed “shock” over allegations in Epstein-related files, specifically emails revealed by the US Department of Justice showing correspondence between Bin Sulayem and Epstein for over a decade following the latter’s 2008 conviction.

BII confirmed it will not commit further capital to DP World projects until the company takes the necessary remedial actions.

Noteworthy that BII is the second major financial partner to suspend ties within 24 hours, following a similar move by the Canadian pension fund, CDPQ.

BII, which is wholly owned by the UK’s Foreign, Commonwealth & Development Office and manages approximately $13.6 billion in assets, adds significant weight to the growing international scrutiny facing the Emirati port giant.

YPA