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News - April 20, 2021

Underwriter withdraws from Alabama jail lease mission

MONTGOMERY, Ala. (AP) — The underwriter for a mission to construct two prisons in Alabama has introduced it’s pulling out of the hassle.

The transfer by Barclays Plc adopted criticism that it was breaking a promise to not get entangled in for-profit prisons.  

Barclays on Monday confirmed that it could not be concerned with CoreCivic’s building of two prisons in Alabama that might be owned by the corporate however rented and operated by the Alabama Division of Corrections.

 The choice offers a blow to the plan to lease new prisons. Alabama Gov. Kay Ivey stated she is dissatisfied however the state is constant to maneuver ahead with the mission.

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