ID:
1531636676817572400
Sun, 2018-07-15 06:04
SHARJAH: A criminal case against private equity firm Abraaj founder Arif Naqvi and another executive for issuing a cheque without sufficient funds has been dismissed, the presiding judge said on Sunday.
The court case relates to a cheque for 177.1 million dirhams ($48 million), signed by Naqvi and a fellow executive, and written to Hamid Jafar, another founding shareholder in Dubai-based Abraaj, a prosecution document showed.
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