ID:
1530217133191249400
Thu, 2018-06-28 23:18
DUBAI: Arif Naqvi sought an “emergency short term loan” of $300 million from the Jafar family of Sharjah to keep the embattled private equity group Abraaj alive in February this year, according to a statement from the Jafar’s lawyers, Al Tamimi & Co.
The allegation — rejected by Abraaj legal advisers — came after a court hearing in Sharjah, UAE, which kept in place an arrest warrant against Naqvi on grounds of dishonored cheques, a criminal offense in the Emirates. A further hearing will take place next week.
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