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How did he go from being Arif, the darling of Davos, to becoming the Arif living in virtual house arrest, facing the prospect of a ruinous trial?

How a Pakistani conman 'robbed' Microsoft founder Bill Gates of USD 100 million - According to the book, Arif Naqvi siphoned off USD 780 million from his funds, USD 385 million of which remains unaccounted for.

IF you were to read the press coverage about Arif Naqvi over the last few weeks, the tainted former head of the fallen Abraaj empire, you would be convinced that Naqvi is evil. ‘The fleece artist’, ‘thief’, ‘liar’ and ‘the myth builder’ are phrases in articles that paint an ugly portrait of Naqvi. He is currently in London facing extradition to the US, where he has been indicted on counts of theft, fraud and racketeering. A trial is set to take place in the Southern District New York court. The recent coverage stems from the publication of a book, The Key Man, written by Simo...

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...

Arif Naqvi and Bill Gates at the 2018 World Economic Forum at Davos | Dawn file photo This is the story of a Pakistani who, until recently, managed $14 billion of rich people’s money. He convinced the World Bank, the Bill and Melinda Gates Foundation and the governments of the United States, the United Kingdom and France to let him use their money to buy stakes in about 100 companies worldwide, in the name of improving ordinary lives. He hobnobbed with presidents, Arab royalty and US secretaries of state. He had former American president Bill Clinton speak to his investors. This is the sto...