DP World Chairman Resigns Amid Epstein Allegations: A Leadership Reshuffle

DP World's chairman, Sultan Ahmed Bin Sulayem, resigned following alleged links to Jeffrey Epstein. Amid scrutiny, Dubai appointed Essa Kazim and Yuvraj Narayan as new leaders. Canadian and UK investors paused investments in DP World due to the controversy. The allegations were sparked by documents revealing Bin Sulayem's ties with Epstein.

DP World, the Dubai-based port titan, announced the resignation of its chairman, Sultan Ahmed Bin Sulayem, amid allegations of ties with the disgraced financier Jeffrey Epstein. The move follows significant scrutiny and pressure on one of the Middle East's most renowned business figures.

In a swift response, Dubai's ruler appointed Essa Kazim as the new chairman of Dubai's Ports, Customs and Free Zone Corporation and Yuvraj Narayan as the group chief executive officer, as confirmed by the Dubai Media Office. The leadership changes aim to stabilize the company during this challenging period.

The allegations against Bin Sulayem stem from documents released by the U.S. Department of Justice, which suggest a long-standing relationship with Epstein post-conviction. The revelations have led to a suspension of investments in DP World by key entities, including a UK development finance agency and a major Canadian pension fund.

(With inputs from agencies.)