Sev Vettivetpillai, a former Abraaj managing partner, has been arrested for extradition to the US and remains in custody
Abraaj Capital
Abraaj
DIFC regulator to strengthen corporate oversight in wake of Abraaj collapse
Dubai Financial Services Authority CEO Bryan Stirewalt said it will review its approach to supervision after an exhaustive investigation into the Abraaj scandal
Abraaj
Dubai’s Abraaj ‘close’ to selling K-Electric stake to Chinese firm
Troubled private equity firm reportedly nears agreement to sell 66% interest in Pakistan power company
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Abraaj
Abraaj art sale in London raises $5.9m
There will also be an online only auction of other items from the Abraaj collection in November
Abraaj
Abraaj founder Arif Naqvi slams WSJ report, denies corruption claims
Wall Street Journal reported that Naqvi offered $20 million to a Pakistani businessmen for cooperation in the sale of Abraaj’s stake in Pakistan’s K-Electric
Abraaj Capital
PE firm TPG in talks to take over Abraaj Group’s $1bn healthcare fund
Abraaj’s fund has a mandate to provide affordable, high-quality healthcare to lower-income patients in sub-Saharan Africa and South Asia
Abraaj Capital
London investor said to bid for funds held by Dubai’s Abraaj
Actis, a London-based emerging market investor, has reportedly bid to buy most of the private equity funds business of troubled Dubai-based Abraaj
Abraaj
Parties reach settlement over second Abraaj bounced cheque case
Settlement with founder of Crescent Group, Hamid Jafar, means Abraaj’s Arif Naqvi will no longer face jail sentence over the $217m bounced cheque
Abraaj
Abraaj fund investors claim they are owed at least $300m
The investors’ council said Deloitte and PwC have made ‘insufficient progress’ to stem losses tied to ‘mismanagement and apparent fraudulent activity’ by Abraaj since they were appointed in June
Abraaj Capital
DIFC Courts appoints liquidators to wind up Abraaj Capital
Dubai Financial Services Authority says DIFC Courts has appointed Deloitte execs to oversee winding up of Abraaj Capital
Abraaj
Abraaj liquidator is seeking ways to fund payments to employees
About 90 employees such as back-office staff, secretaries and receptionists are owed money after working for the buyout firm
Abraaj
Arif Naqvi faces criminal case, possible jail in new Abraaj case
The Abraaj founder’s attorney says he believes a solution that is satisfactory to all parties can be found
Abraaj
Abraaj said to sell Dubai campus to Amanat at $100m
Dubai-based Amanat would own all of the UK-based university’s campus, which had annual revenue of about $40 million
Abraaj
Air Arabia’s shares drop after revealing $336m exposure to Abraaj
Abraaj at one point owned 17 percent of Air Arabia and the private equity firm’s founder Arif Naqvi is still one of its board members
Abraaj
Air Arabia seeks to protect Abraaj investment
One of Abraaj’s creditors has called on the company to accept an independent provisional liquidator
Abraaj Capital
Timeline: how fortunes have spiralled at Dubai’s Abraaj
Abraaj, which once managed almost $14bn, has now filed for provisional liquidation in the Cayman Islands
Abraaj Capital
Dubai’s troubled buyout firm Abraaj files for provisional liquidation
Company files application for a court-supervised restructuring in the Cayman Islands; plans to appoint joint provisional liquidators