Credited from: MIDDLEEASTEYE
DP World, the logistics giant based in Dubai, has appointed Essa Kazim as chairman and Yuvraj Narayan as group CEO, following the dismissal of long-time chief Sultan Ahmed bin Sulayem due to his connections with convicted sex offender Jeffrey Epstein. These decisions come amid mounting pressure on Sulayem after his name appeared in newly released documents detailing a long-standing relationship with Epstein, which included hundreds of emails exchanged over a decade, according to Reuters, Middle East Eye, and India Times.
The scrutiny intensified after emails revealed Sulayem's ongoing relationship with Epstein even after the latter's 2008 conviction for soliciting a minor. Reports indicate that these exchanges, which included discussions about business opportunities and social events, raised alarm among investors, prompting British International Investment and Canada's La Caisse to suspend new investments with DP World, according to Al Jazeera and BBC.
In the wake of these revelations, the UAE-owned logistics company has distanced itself from Sulayem, with no mention of his departure in the official announcement. This response comes during a time when concerns regarding corporate reputations are pivotal, especially given DP World’s crucial position in global trade, as highlighted by multiple sources including Reuters and India Times.