Arif Naqvi accused of misappropriating more than $230m in an SEC complaint

Former Reporter

The founder of insolvent private equity firm Abraaj Group was charged in the US with defrauding investors by misappropriating more than $230m from a healthcare fund.

The Bill & Melinda Gates Foundation and the US government’s Overseas Private Investment Corp were among US investors in the Abraaj healthcare fund.

Abraaj founder Arif Naqvi charged with fraud in US

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