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CEO Steps Down Over Epstein Letters
Sultan Ahmed bin Sulayem left his job as CEO of DP World. Letters showed he knew Jeffrey Epstein.
Bin Sulayem had led the company since 2016. He was also chairman since 2007.
Two investment funds reduced their ties with DP World. The company is based in Dubai, United Arab Emirates.
Klear Note — Jeffrey Epstein was a financier convicted of sex crimes. DP World is a major global shipping company. Companies often lose investors when leaders face scandals.
Key Terms 2
- DP World
- A large shipping and port company based in Dubai.
- Jeffrey Epstein
- A financier convicted of serious crimes involving young people.