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Abraaj Ceo Charged With Fraud In U.s. After Firm's Collapse

by bloomberg.com posted 1month ago 19 views
Two former executives of The Abraaj Group, which collapsed last year in the world’s biggest private-equity insolvency, were arrested on U.S. charges of defrauding investors, with one defendant nabbed after arriving in New York with his wife and son to look at colleges. Arif Naqvi, the founder and ex-chief executive officer, was arrested Wednesday in the U.K. and is awaiting possible extradition to the U.S. Mustafa Abdel-Wadood, a former managing partner, was apprehended Thursday in New York and remains in a federal lockup.

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