The head of one of many world’s largest port operators has been changed following revelations of ties to convicted intercourse offender Jeffrey Epstein.
Sultan Ahmed bin Sulayem, who had led the Dubai-based DP World for many years, is dealing with intense scrutiny after the discharge of Epstein-related paperwork that exposed correspondence between the 2 males, together with lewd exchanges.
Without naming bin Sulayem, Dubai’s Government Media Office (GMO) introduced that DP World had appointed a brand new chairman and group CEO, positions beforehand held by bin Sulayem. DP World confirmed the brand new appointments to NCS.
The administration shuffle comes after worldwide companies started severing hyperlinks with DP World within the wake of the most recent release of the Epstein files. Canada’s second-largest pension fund, Quebec-based hub La Caisse, stated it was pausing capital deployments with the Dubai port operator, and Reuters reported {that a} British funding platform was additionally halting future investments.
La Caisse informed NCS that it expects DP World to “shed light on the situation and take the necessary actions.”
A distinguished Emirati enterprise determine, Bin Sulayem repeatedly makes appearances with Dubai’s ruler, and has been pictured with US President Donald Trump.
DP World declined to touch upon bin Sulayem’s relationship with Epstein when contacted by NCS earlier than his elimination.
Essa Kazim, governor of the Dubai International Financial Centre (DIFC), has been appointed as Chairman of DP World, and Yuvraj Narayan, former Chief Financial Officer, has been named Group CEO, the GMO stated.