Abraaj’s Naqvi fined $136mn over defunct firm’s collapse
- Date: 27-Jan-2022
- Source: Gulf Times
- Sector:Financial Markets
- Country:UAE
Abraaj’s Naqvi fined $136mn over defunct firm’s collapse
Arif Naqvi, the founder of defunct Abraaj Group, has been fined $135.6mn and banned from Dubai’s financial centre for his role in the private equity firm’s 2019 collapse.Arif Naqvi, the founder of defunct Abraaj Group, has been fined $135.6mn and banned from Dubai’s financial centre for his role in the private equity firm’s 2019 collapse.