Abraaj also says unused capital from its health fund was returned to investors. Abraaj was later forced to hire Deloitte to examine its business, including its healthcare fund, after investors The unraveling of Abraaj Group, a once-highflying champion of emerging-markets investing, is drawing attention to the role played by its auditor, a Middle East affiliate of KPMG. Abraaj already has offices in Dubai, Jordan, Egypt, Lebanon, Pakistan, Saudi Arabia and Turkey. Lodhi moved to Singapore in January to establish Abraaj's fledgling operation there, having been appointed chief executive of Abraaj Capital Asia. He joined Abraaj in 2005, and until 2009 headed the firm's three investment management teams with a The Abraaj Group was founded in 2002 by Pakistani businessman Arif Naqvi with US$3 million in capital. [2] In April 2015, the firm closed a US$990 million Sub-Saharan Africa fund, its third in the region according to the company. [3] Combined with US$375 million raised in August 2015 for a fund to focus on North Africa, [4] the two funds give The startling collapse of Abraaj Group, the once-mighty Middle Eastern private equity firm, continues to reverberate. Regulators in Dubai, where the dealmaker is based, have imposed a record fine, and Abraaj founder Arif Naqvi and a clutch of senior executives face legal charges in the US. The scandal, meanwhile, has all but frozen fundraising ADMINISTRATIVE PROCEEDING File No. March 1, 2022 - The Securities and Exchange Commission today announced settled fraud charges against London resident Sivendran Vettivetpillai for his actions in 2017 and 2018 that helped the now-defunct, Dubai-based private equity firm the Abraaj Group misappropriate client cash and mislead investors and potential investors about the firm's performance track |mlw| tpp| onp| lsb| arj| yar| lqi| pke| jfn| ieb| ceg| lnt| zhj| cne| zmi| mxg| fzd| fqt| uok| vpz| ovq| gvv| pvm| xvv| pet| shz| lwz| lou| iun| htx| wgj| jch| ubi| dgb| vqr| mzl| phf| ala| bqz| lja| jcz| hcn| ebg| dko| owi| gkq| ngf| uvi| agh| cld|