A London judge overruled Naqvi’s call for appeal
Abraaj downfall
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Abraaj
DFSA fines KPMG $1.5 million over Abraaj failings
Both KPMG LLP and Navalkar have withdrawn their decisions for review by the Financial Markets Tribunal (FMT)
Abraaj Capital Limited
Former Abraaj managing partner hit with $1.9m fine from DFSA
Mustafa Abdel-Wadood was involved in the misuse of investor funds, the withholding of sale proceeds and reports from investors, providing false explanations to investors, and the cover of a $200m shortfall in a fund at its financial reporting date, according to a statement
Abraaj downfall
Abraaj scandal: the world’s largest private equity insolvency
Liquidators overseeing Abraaj Group’s insolvency now estimate chief executive officer Arif Naqvi’s alleged theft to have cost the firm $385 million, an amount significantly more than what prosecutors claimed.
Abraaj downfall
$1.9m art collection once owned by ex-Abraaj head to be auctioned
Christie’s to sell 19 works which were once part of collection owned by Arif Naqvi