Abraaj founder Naqvi, managing partner arrested on fraud charges

Abraaj founder Naqvi, managing partner arrested on fraud charges

Abraaj founder Arif Naqvi. Photographer: Vivek Prakash/Bloomberg

The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd have been arrested on U.S. charges that they defrauded their investors, including the Bill & Melinda Gates Foundation.

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