Buyout fund Abraaj founder can be released on $20m bail

Arif Naqvi, chief executive officer of Abraaj Capital Ltd., pauses during a Bloomberg Television interview in London, U.K. Photographer: Luke MacGregor/Bloomberg

Arif Naqvi, the founder of buyout fund Abraaj Group, can be released on bail of 15 million pounds ($20 million) after a London judge dismissed prosecutors’ bid to keep him in custody while he fights extradition to the US.

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