Abraaj’s Naqvi fined $136mn over defunct firm’s collapse

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.