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Simon Clark - Prospect Magazine

The latest news, opinion and analysis for Prospect by Simon Clark ....

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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 their investigations. The book, published internationally on July 8, is based on official indictments, on Abraaj emails that became a part of the court record and interviews with over 150 people, including 70 who worked for Abraaj. ....

United States , United Arab Emirates , Switzerland General , France General , Jakarta Raya , New York , Ar Riya , Saudi Arabia , City Of , United Kingdom , Cayman Islands , Sulawesi Selatan , Al Qahirah , West Bengal , World Bank , District Of Columbia , East Pakistan , Matt Mcguire , Kathy Calvin , Burj Khalifa , Navaid Malik , Rafique Lakhani , Gotshal Manges , Wahid Hamid , Meesha Shafi , Anuscha Ahmed ,