The liquidators of ABRAAJ Investment Management Ltd. have applied to take discovery from 17 banks and a clearing house in the U.S. for “contemplated litigation” in the Cayman Islands to recover more than $385 million allegedly misappropriated by the Dubai-based ABRAAJ Group’s founder, Arif Naqvi.
Articles Banks & Trusts Cayman Islands Featured Fraud Investment Misappropriation Pakistan United Arab Emirates United Kingdom USAJune 12, 2020
Topics
Banks & Trusts Cayman Islands Fraud Investment MisappropriationKeywords
Abraaj Group Arif Masood Naqvi Bank of America Bank of New York Mellon Barclays