JP Morgan CEO Withdrawss from Davos Conference Over Khashoggi’s Disappearance.

JP Morgan CEO Withdrawss from Davos Conference Over Khashoggi’s Disappearance.

 

JP Morgan CEO, Jamie Dimon, is the recent notable figure to withdraw from the Davos Conference, termed ‘Davos in the Desert’ due to Khashoggi’s disappearance.

The investment conference is slated to hold in Riyadh and has been suffering pressure from the international community occasioned by the mystery surrounding the Journalist disappearance.

The Saudis deny killing Mr. Khashoggi.

Mr. Khashoggi, a self-exiled critic vanished on October 2 after visiting the Saudi consulate in Istanbul. Authorities there believe he was killed in the building by Saudi agents, which Riyadh has dismissed as ‘lies.’

Oil prices rose on Monday on supply concerns, but the Saudi stock market rose after sharp falls on Sunday.

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Softbank’s share price tumbled about 7% in Tokyo as the fallout from Mr. Khashoggi’s disappearance spread. The Japanese conglomerate’s $100bn (£76.1bn) Vision Fund is almost half-financed by Saudi Arabia.

 

Mr. Dimon has become the latest in a number of business leaders and firms to cancel plans to attend the Riyadh investment conference following the journalist’s disappearance.

 

‘We can confirm … that Jamie will not be attending the Saudi event,’ a JP Morgan spokesperson told the BBC. ‘We won’t be commenting further.’

Uber Chief executive Dara Khosrowshahi, Ford chairman Bill Ford, and British Billionaire, Richard Branson have also said they won’t be attending the conference to hold between 23 and 25 October.

Major media houses like CNN, BBC and others have also mentioned they won’t be covering the event as planned.

Mr. Khashoggi was once an adviser to the Saudi royal family, but fell sharply out of favour with the Saudi government and went into self-imposed exile.

 

US President Donald Trump has said the US will inflict ‘severe punishment’ on Saudi Arabia if it is found responsible for his death.

 

But on Sunday Saudi Arabia said it rejected political and economic ‘threats’ over the missing journalist and would respond to any punitive action ‘with a bigger one.’

 

The UK, France, and Germany have demanded for credible investigations into his disappearance.

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