ARIF NAQVI'S CAPITALIST FAIRY TALE - Newspaper
Illustration by Radia Durrani Before it collapsed in 2019, the Dubai-based Abraaj was the world’s biggest private equity firm focused on emerging markets, with some $14 billion of assets under management. Its founder and chief executive, the charismatic Karachi-born Arif Naqvi now stands accused of unprecedented fraud and theft to the tune of $780 million. He is appealing an extradition order from London to the US, where he faces up to 291 years in jail. Two reporters associated with the Wall Street Journal, who first broke the story of problems at Abraaj, have penned a book detailing thei...
Source: dawn.com