But by February of this year, the government said it wanted to review the deal by CCCI, the overseas arm of CCCC, under the Canada’s National Security Review of Investments Act. “Our government is open to international investment that creates jobs and increases prosperity, but not at the expense of national security,” Mr. Bains said. Earlier this year, Canada’s Conservative Party called for a review of the deal and raised concerns about Aecon’s contracts with both the military and the nuclear industry. Members of Parliament also cited bribery allegations against one of CCCC’s units in Bangladesh. CCCC is controlled by the Chinese state, but it is publicly listed and has shareholders that include the Canada Pension Plan Investment Board, BlackRock and Vanguard, Mr. Beck and Mr. Lu wrote.

Source: New York Times May 24, 2018 02:48 UTC