<ul>
<li>This is the largest fine ever imposed on an individual by the DFSA</li>
<li>The DFSA’s actions relate to Mr Naqvi’s knowing involvement in Abraaj’s misconduct</li>
</ul>
As publicised in the Dubai Financial Services Authority’s (DFSA) media release on 27 January 2022, the DFSA on the same day published its Decision Notice against Mr Arif Naqvi, Abraaj’s founder and former CEO, for his serious failings in respect of the Ab
The Financial Markets Tribunal has upheld Dubai Financial Services Authority’s actions against Abraaj’s founder Arif Naqvi, including a $135 million fine, a statement said.