The report also claimed that Naqvi tried offer a $20 million payment to a Pakistani businessman. : Arif Naqvi, founder of the embattled private equity firm Abraaj, denied a Wall Street Journal (WSJ) report that claimed Naqvi directed some of the company funds to his or family accounts. The WSJ reported saying that about $600 million (Dh2.2 billion) was moved without the knowledge of most investors into bank accounts that forensic accountants call the Abraaj treasury, and about $200 million flowed from those accounts to Naqvi and people close to him.