Quebec lawmakers grill Caisse over stake in scandal-plagued security firm Allied Universal

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Caisse investment in company coming under scrutiny after reported incidents involving firms in which Allied Universal has an ownership stake

The Caisse de dépôt et placement du Québec is facing questions from lawmakers about its stake in private security company Allied Universal, as the pension giant’s decision to invest in the company four years ago continues to generate ethical trouble spots.

The Caisse CEO said he agreed “entirely” with Mr. Bouazzi. “This is not the kind of activity that we endorse at all,” he said. He added that Allied had pledged, when it took over G4S in 2021, to sell some of the new subsidiary’s assets, including the stake in Policity. Mr. Emond told the committee the Caisse is confident Allied will make good on that promise.

for years while he was locked up. Later they allegedly helped him fake his death and escape. He was caught in Tanzania just three weeks ago.this year, casting a spotlight on G4S and its parent. Allied bought G4S in 2021 for £3.8-billion. The Caisse, which has a stake in Allied of about 28 per cent, is one of the company’s biggest shareholders, along with a group of funds controlled by New York-based private-equity firm Warburg Pincus LLC.


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