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Malaysia can’t block MMC Port chief as state doesn’t meddle in company matters: minister

Malaysia can’t block MMC Port chief as state doesn’t meddle in company matters: minister
Key Points

Malaysia’s government could not interfere in the management of companies and only regulates ⁠shareholding structures, its transport ⁠minister said on Friday, following the appointment ⁠of former DP World chief Sultan Ahmed bin Sulayem to lead the country’s largest port operator. Sultan Ahmed, who in February quit his top post at Dubai-based logistics giant DP World amid scrutiny over his alleged ties to Jeffrey Epstein, has taken ‌charge of Malaysian firm MMC Port Holdings. “We regulate only...

Malaysia’s government could not interfere in the management of companies and only regulates ⁠shareholding structures, its transport ⁠minister said on Friday, following the appointment ⁠of former DP World chief Sultan Ahmed bin Sulayem to lead the country’s largest port operator. Sultan Ahmed, who in February quit his top post at Dubai-based logistics giant DP World amid scrutiny over his alleged ties to Jeffrey Epstein, has taken ‌charge of Malaysian firm MMC Port Holdings. “We regulate only in...
Malaysia (LOCATION) MMC Port (ORG) DP World (ORG) Sultan Ahmed bin Sulayem (PERSON) Sultan Ahmed (PERSON) Dubai (LOCATION) Jeffrey Epstein (PERSON) Malaysian (ORG) MMC Port Holdings (ORG)
Originally published by South China Morning Post Read original →