A London judge overruled Naqvi’s call for appeal
Abraaj healthcare fund
Latest in Abraaj healthcare fund
Abraaj
Dubai regulator hits ex-Abraaj finance chief with record fine
The fine is the latest move by the Dubai Financial Services Authority over the Abraaj affair and the people behind a fraud that rattled reputations in the DIFC
Abraaj
Former Abraaj CFO fined $1.7m for ‘deception, unauthorised activity and compliance breaches’
Ashish Bhrugu Dave was the Abraaj Group CFO from September 2008 to September 2013 and then again from February 2017 to March 2018
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 Capital
Abraaj collapse: What’s been learned, who’s charged?
The startling collapse of Abraaj Group, the once-mighty Middle Eastern private equity firm, continues to reverberate
Abraaj Capital
DFSA unsure of ability to impose $314m fine on Abraaj firms
The Dubai Financial Services Authority believes the record fine will serve as a deterrent
Abraaj Capital
Revealed: how Abraaj execs decided which investors to pay
Internal memos reveal how the now defunct Abraaj Group used colour coding to prioritis investors depending on how much noise they made
Abraaj
Abraaj probe focusing on senior execs, says Dubai regulator
Dubai Financial Services Authority says investigation into the collapsed Abraaj Group is focusing on senior management
Abraaj
Former senior Abraaj exec pleads guilty, will cooperate in probe
Mustafa Abdel-Wadood, a former managing partner at Abraaj, admits he lied to investors across the globe in an attempt to hide losses
Abraaj
Ex-UBS banker said to lead bid for Abraaj funds
Sources say boutique investment firm founded byYassine Bouhara is bidding to buy funds managed by the collapsed Abraaj Group
Abraaj
Three more former Abraaj execs charged in US fraud probe
Ashish Dave, Rafique Lakhani and Waqar Siddique are charged with multiple counts including fraud and conspiracy
Abraaj
Abraaj founder Arif Naqvi released on record $19m bail
Spokesman for Abraaj Group founder confirmed Westminster Magistrates Court had sent a ‘release notice’ – an instruction that he can be let out – to Wandsworth prison in south London
Abraaj
Abraaj collapse impacted larger deals in Middle East, says growth capital firm
Demise of Abraaj left ‘big gap’ in the region, but investors ‘are not scared’ of putting their money in the Middle East, says CedarBridge MD Imad Ghandour
Abraaj Group
CEO of $1bn healthcare fund once managed by Abraaj resigns
Mismanagement of investor money in the healthcare fund ultimately led to the collapse of Abraaj last year in the world’s biggest private-equity insolvency case
Abraaj Group
Abraaj founder given extra time to raise bail money
Arif Naqvi has so far been unable to raise the 15 million needed as part of his bail conditions
Abraaj
Abraaj founder Arif Naqvi still in jail, $20m bail not paid
Westminster Magistrates’ Court confirms that Arif Naqvi has yet to come up with the funds for his bail and is still in custody
Abraaj
Emails reveal US investor warned months before Abraaj collapse
At least two senior executives of Hamilton Lane Inc received an anonymous email in September 2017 advising them not to invest in Abraaj fund