FinDev Canada, created by former prime minister Justin Trudeau in 2017, says in an internal memo it did no “due diligence” before investing millions into a money-losing cellphone company in Kenya, according to Blacklock’s Reporter.

The federal agency, known more formally as the Development Finance Institute, admitted as much in the memo they withheld for six years under the Access to Information act.

Trudeau created FinDev Canada with a $300-million budget “to support private sector investment in developing countries.”

“Due to lack of time, team must rely on due diligence performed by others,” said minutes of a Nov. 10, 2017 meeting of the board.

A separate staff email said: “Because (our) first transaction will be the object of significant scrutiny, we will need to ensure the rational

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