Dubai’s leading port operator, DP World, has appointed Essa Kazim as the new chairman of its board of directors and Yuvraj Narayan as the group’s chief executive officer, as reported by Dubai Media Office. This decision comes amidst increased scrutiny on the current chief, Sultan bin Sulayem, due to alleged connections with Jeffrey Epstein.
Recent claims from members of the US Congress suggest that Sultan Ahmed bin Sulayem, who has been serving as chairman and CEO of DP World for an extended period, has been linked to Epstein. The release of files by the US Department of Justice has triggered a wave of inquiries into Sulayem’s past interactions with the convicted sex offender, although Reuters has not been able to verify these allegations independently.
Sulayem, a prominent figure in Dubai’s business scene, has steered DP World for more than forty years, overseeing its transformation into one of the globe’s largest logistics companies. The company boasts handling approximately 10% of worldwide trade.
In light of the Epstein controversy, the UK’s British International Investment and Canada’s second-largest pension fund have decided to halt any new investments with DP World.
