The UK development finance agency and Canada’s second-largest pension fund have suspended new investment with global ports operator DP World over alleged ties between its chief executive and the late disgraced financier Jeffrey Epstein, raising pressure on the Dubai-based firm.

Members of the U.S. Congress said DP World Chairman and CEO Sultan Ahmed bin Sulayem’s name appeared in the files, prompting renewed scrutiny of his past interactions with Epstein, a convicted sex offender, Reuters reported.

The documents, some of millions published by the U.S. Department of Justice and showing Epstein’s web of relationships with prominent people in politics, finance, academia and business, suggest a close relationship between the two men for more than a decade after Epstein’s conviction in 2008 on prostitution charges involving an underage girl.

The documents include emails and text messages that appear to show discussions between the two men about business, conversations about sex and plans to visit Epstein’s Caribbean island.

Being named in the files is not evidence of criminal activity.

DP World declined to comment, while Bin Sulayem did not immediately respond to a request for comment sent to his LinkedIn account.

The UK development finance agency, British International Investment, said that it had paused new investments with DP World.

“We are shocked by the allegations emerging in the Epstein files regarding Sultan Ahmed bin Sulayem,” said a spokesperson for BII, which invests alongside DP World in four ports in Africa.

“In light of the allegations, we will not be making any new investments with DP World until the required actions have been taken by the company.”

Canadian pension fund La Caisse said in a statement it was “pausing additional capital deployment alongside the company” until DP World clarified the situation and took “the necessary actions”.

PROMINENT ROLE

Bin Sulayem, one of Dubai’s most influential businessmen, has led DP World through an expansion that has seen the company turn into one of the world’s largest logistics companies.

It says it handles around 10% of global trade, with operations spanning across the globe, including in Canada, Peru, India and Angola.

DP World also sponsors a leading professional golf tour in Europe and has been a logistics partner for McLaren’s Formula 1 racing team since 2023. Its logo can be seen on cricket players in South Africa and football players in Australia.

McLaren declined to comment on whether it was revisiting its relationship with the Emirati company.

Besides his role at DP World, Sulayem is listed as chairman of the Dubai International Chamber and the Dubai Ports, Customs and Free Zone Corporation, among others.

Some of Bin Sulayem’s other ventures include establishing Nakheel, the real estate developer behind Dubai’s famous palm-shaped islands, as well as contributing to the creation of commodities exchange DMCC, according to a bio on DP World’s website.

President Donald Trump will host Benjamin Netanyahu at the White House on Wednesday where the Israeli prime minister is expected to press him to widen U.S. talks with Iran to include curbs on Tehran’s missile arsenal and other security threats that go beyond its nuclear program, Reuters reported.

In his seventh meeting with Trump since the president returned to office nearly 13 months ago, Netanyahu will be looking to influence the next round of U.S. discussions with Iran following nuclear negotiations held in Oman last Friday amid heightened Middle East tensions.

Trump has threatened to carry out strikes on Iran if an agreement is not reached, and Tehran has responded with vows to retaliate, fueling fears of a wider regional war. He has repeatedly voiced support for a secure Israel, long a close U.S. ally in the Middle East and an arch-foe of Iran.

The president repeated his warning in a series of media interviews on Tuesday, saying while he believes Iran wants to make a deal, he would do “something very tough” if they refused. He told Axios he was considering sending a second aircraft carrier strike group as part of a massive buildup of U.S. forces near Iran, read the report.

Israel is concerned that the U.S. might pursue a narrow nuclear deal that does not include limitations on Iran’s ballistic missile program or an end to Iranian support for armed proxy groups such as Hamas and Hezbollah, according to people familiar with the matter.

“I will present to the president our perceptions of the principles in the negotiations,” Netanyahu told reporters before departing for the U.S.

The two men could also discuss potential military action in the event that U.S.-Iran diplomacy fails, according to one of the sources.

After arriving in Washington on Tuesday night, Netanyahu met U.S. special envoy Steve Witkoff and Trump’s son-in-law Jared Kushner, who led the U.S. team at the Iran talks, according to a post on X by Israel’s ambassador to Washington, Michael Leiter.

Also on the agenda will be Gaza, with Trump looking to push ahead with a ceasefire agreement he helped to broker. Progress on his 20-point plan to end the war and rebuild the shattered Palestinian enclave has stalled with wide gaps remaining over complex steps it envisions, including Hamas disarming as Israeli troops withdraw in phases.

“We continue to work closely with our ally Israel to implement President Trump’s historic Gaza peace agreement and to strengthen regional security,” White House spokeswoman Anna Kelly said when asked about U.S. priorities for the meeting.

Netanyahu’s visit, originally scheduled for February 18, was brought forward amid renewed U.S. engagement with Iran. Both sides at last week’s Oman meeting said it was positive and further talks were expected soon.

U.S. Secretary of State Marco Rubio said last week, ahead of the Oman meeting, that the talks would have to include the range of Iran’s missiles, its support for proxy groups and its treatment of its own people.

Iran, which has ruled out restrictions on its missiles, said Friday’s discussions had been limited to nuclear issues, Reuters reported.

Trump has been vague about broadening the negotiations. He was quoted as telling Axios on Tuesday that it was a “no-brainer” for any deal to cover Iran’s nuclear program, but that he also thought it possible to address its missile stockpiles.

Iran says its nuclear activities are for peaceful purposes, while the U.S. and Israel have accused it of past efforts to develop nuclear weapons.

Last June, the U.S. joined Israel’s strikes on Iranian nuclear facilities during a 12-day war.

Israel also heavily damaged Iran’s air defenses and missile arsenal. But, according to two Israeli officials, there have been signs of a push to restore those capabilities, which Israel sees as a strategic threat.

Trump had threatened last month to intervene militarily during a bloody crackdown on nationwide anti-government protests in Iran, but ultimately held off.

Tehran’s regional sway has been weakened by Israel’s attack in June as well as blows to Iranian proxies – from Hamas in Gaza to Hezbollah in Lebanon, the Houthis in Yemen and militias in Iraq – and by the ousting of Iran’s close ally, former Syrian President Bashar al-Assad.

But Israel has been wary of its foes rebuilding after they suffered heavy losses in the multi-front war sparked by Hamas’ October 2023 cross-border attack on southern Israel.

While Trump and Netanyahu have mostly been in sync and the U.S. remains Israel’s main arms supplier, Wednesday’s discussions have the potential for tensions to surface.

Part of Trump’s Gaza plan holds out the prospect for eventual Palestinian statehood – which Netanyahu and his coalition, the most far-right in Israel’s history, have long resisted.

Netanyahu’s security cabinet on Sunday authorized steps that would make it easier for Israeli settlers in the occupied West Bank to buy land while granting Israel broader powers in what the Palestinians see as the heartland of a future state. The Israeli decision drew international condemnation, read the report.

“I am against annexation,” Trump was quoted as telling Axios, reiterating his stance on the issue. “We have enough things to think about now.”

Hong Kong’s most prominent media tycoon Jimmy Lai was sentenced on Monday to a total of 20 years in jail on national security charges comprising two counts of conspiracy to collude with foreign forces and one of publishing seditious materials.

The sentence ends a legal saga spanning almost five years, and Hong Kong’s most high-profile national security hearing. Lai, founder of the now-shuttered Apple Daily newspaper, was first arrested in August 2020 and convicted last year, Reuters reported.

Lai’s sentence of 20 years was within the most severe penalty “band” of 10 years to life imprisonment for offences of a “grave nature”.

The Hong Kong court said Lai’s sentence was enhanced by the fact that he was “mastermind” and driving force behind foreign collusion conspiracies.

The 78-year-old, a British citizen, has denied all the charges against him, saying in court he is a “political prisoner” facing persecution from Beijing.

Lai’s plight has been criticised by global leaders, opens new tab including U.S. President Donald Trump and British Prime Minister Keir Starmer, spotlighting a years-long national security crackdown in the China-ruled Asian financial hub, following mass pro-democracy protests in 2019.

“The rule of law has been completely shattered in Hong Kong. Today’s egregious decision is the final nail in the coffin for freedom of the press in Hong Kong,” said Jodie Ginsberg, CEO of the Committee to Protect Journalism.

“The international community must step up its pressure to free Jimmy Lai if we want press freedom to be respected anywhere in the world.”

Lai arrived to court in a white jacket, with hands held together in a praying gesture as he smiled and waved at supporters.

The case has drawn calls for the long-standing critic of the Chinese Communist Party, who friends and supporters say is in frail health, to be freed.

“The harsh 20-year sentence against 78-year-old Jimmy Lai is effectively a death sentence,” said Elaine Pearson, Asia Director of Human Rghts Watch. “A sentence of this magnitude is both cruel and profoundly unjust.”

Dozens of Lai’s supporters queued for several days to secure a spot in the courtroom, with scores of police officers, sniffer dogs and police vehicles including an armoured truck and a bomb disposal van deployed around the area.

“I feel that Mr. Lai is the conscience of Hong Kong,” said a man named Sum, 64, who was in the queue.

“He speaks up for Hong Kong people, and even for many wrongful cases in mainland China and for the development of democracy. So I feel that spending a few days of my own freedom sleeping out here is better than seeing him locked up inside.”

Starmer raised the case of Lai, who holds British citizenship, in detail during a tête-à-tête with Chinese leader Xi Jinping last month in Beijing’s Great Hall of the People, according to people briefed on the discussions. Britain’s national security adviser, Jonathan Powell, and China’s foreign minister, Wang Yi, were also present.

“I raised the case of Jimmy Lai and called for his release,” Starmer told the UK parliament after his trip.

Trump too, raised Lai’s case with Xi during a meeting last October. Several Western diplomats told Reuters that negotiations to free Lai would likely begin in earnest after he is sentenced, and depending on whether Lai will appeal.

LIFE IN PRISON?

Lai’s family, lawyer, supporters and former colleagues have warned that he could die in prison as he suffers from health conditions including heart palpitations and high blood pressure.

Besides Lai, six former senior Apple Daily staffers, an activist and a paralegal will also be sentenced.

“Jimmy Lai’s trial has been nothing but a charade from the start and shows total contempt for Hong Kong laws that are supposed to protect press freedom,” said the Committee to Protect Journalists’ Asia-Pacific Director Beh Lih Yi.

Beijing, however, says Lai has received a fair trial and all are treated equally under the national security law that has restored order to the city.