JPMorgan deserts ‘Davos in the Desert’

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Riyadh, Saudi Arabia. (FBZ photo)

ISTANBUL — Jamie Dimon, JPMorgan Chase’s chief executive and chairman, has decided not to participate in Saudi Arabia’s “Davos in the Desert” event this month as the outrage over the disappearance of journalist Jamal Khashoggi continues to grow.

Dimon was asked last week if he was going to participate in the event, but declined to comment. A JPMorgan spokesman said the bank was not giving any additional comment on Dimon’s decision to pull out.

Khashoggi was last seen entering the Saudi Arabian consulate in Istanbul, Turkey on October 2. Turkish officials have said they fear a Saudi hit team killed and dismembered Khashoggi, who wrote critically of Saudi Crown Prince Mohammed bin Salman.

The kingdom has called such allegations “baseless” but has not offered any evidence Khashoggi ever left the consulate.

p: wjg

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