Abraaj Group

Decision Notice by the Dubai Financial Services Authority that it has imposed a fine of $1,927,495 and a prohibition on Mustafa Ahmed Talaat Abdel-Wadood, a former senior manager of the Abraaj Group who "pleaded guilty" to criminal charges at federal court in New York.

Decision Notice by the Dubai Financial Services Authority that it has imposed a fine of $1.7 million and financial industry ban on Ashish Bhrugu Dave regarding his conduct as Chief Financial Officer of the Abraaj Group.

Writ of Summons in Neoma Manager (Mauritius) Ltd., as manager of Neoma Private Equity Fund IV L.P v. Abraaj ABOF IV Limited, Mark Longbottom and Geoffrey Varga, as Trustees of the creditors or members of ABOF IV Fund Investor Limited (Dissolved); Columbus Ventures Limited, acting by its Joint Receivers, Mark Shaw, Sarah Rayment, and Russell Smith; Mena Finance Holdings, Mena Vehicle Limited, acting by its Joint Receivers, Mark Shaw, Sarah Rayment, and Russell Smith; Perfect Holding Limited, Sahara Ventures Limited, Sea Shell Investments Limited, and Abraaj General Partner VIII Limited, as General Partner of Neoma Private Equity Fund IV L.P. at the Grand Court of the Cayman Islands.

Originating Application in the matter of ABRAAJ SPV 123 Limited at the Grand Court of the Cayman Islands.

Writ of Summons in Neoma Manager (Mauritius) Limited, as the Manager of Neoma Private Equity Fund IV LP v. Neoma Global Growth Markets Fund (B) LP, Bicorp S.A.L., of Lebanon; Crown Global Secondaries III Plc, of Ireland; Falcon Flight LLC, of New York, NY; Raghida Ghandour, of Dubai, and The Public Institution for Social Security, of Kuwait, at the Grand Court of the Cayman Islands.

Administrative Order by the U. S. Securities and Exchange Commission imposing an industry ban on Mustafa Abdel Wadood, described as a citizen of Egypt, for "the misappropriation of fund assets from one private equity fund client of the Abraaj Group and an offering fraud against investors in another Abraaj fund".

Petition for Court Supervision of a Voluntary Liquidation in the matter of Spinneys Holdings Limited (in Voluntary Liquidation), "was to act as an investment vehicle for the ABRAAJ private equity group in respect of its investment in an Egyptian supermarket chain, Spinneys Egypt", at the Grand Court of the Cayman Islands.

Writ of Summons and Statement of Claim for at least $267 million alleging "systematic fraud" in Abdulhameed Dhia Jafar, of Sharjah, in the United Arab Emirates v. ABRAAJ Holdings (in Official Liquidation), GHF General Partner Limited, as General Partner of GHF Fund LP, formerly Abraaj Growth Markets Health Fund LP, and GHF Fund (B) LP, formerly Abraaj Growth Markets Health Fund (B) LP; The GHF Group Limited, formerly The Abraaj Healthcare Group Limited, and Abraaj General Partner VIII Limited, as General Partner of Neoma Private Equity Fund IV LP, formerly Abraaj Private Equity Fund IV LP, all of the Cayman Islands, at the Grand Court of the Cayman Islands.

Writ of Summons by Simon Conway, Michael Jervis, and Mohammed Farzadi, as Joint Official Liquidators of Abraaj Holdings (in Official Liquidation) v. The GHF Group Limited at the Grand Court of the Cayman Islands.

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.

Application by the Joint Official Liquidators of ABRAAJ Investment Management Limited, of the Cayman Islands, to take discovery from Bank of America, N.A., The Bank of New York Mellon, Citibank, N.A., Deutsche Bank AG, New York Branch; Deutsche Bank Trust Company Americas, Goldman Sachs and Co., HSBC Bank USA, N.A., JPMorgan Chase Bank, N.A., Mashreqbank PSC, New York Branch; Standard Chartered Bank US, a.k.a. Standard Chartered Bank, New York Branch; Wells Fargo Bank N.A., Barclays Bank PLC, New York Branch; Société Generale North America; BNP Paribas USA Inc.; Bank of Nova Scotia, UBS AG, New York Branch, Commerzbank AG, New York Branch; and The Clearing House Payments Company LLC for use in "contemplated proceedings" regarding an alleged $385 million fraud by Pakistan citizen Asif Masood Naqvi at the Grand Court of the Cayman Islands, filed at the U. S. District Court for the Southern District of New York.

Writ of Summons regarding a "loan in the amount of US$200 million" in The GHF Group Limited, formerly known as ABRAAJ Healthcare Group Limited, and GHF General Partner Limited, in its capacity as General Partner of GHF Fund LP, formerly known as ABRAAJ Growth Markets Health Fund LP v. Abdulhameed Dhia Jafar, of Sharjah, in the United Arab Emirates; ABRAAJ Investment Management Limited (in Official Liquidation), and ABRAAJ Holdings (in Official Liquidation) at the Grand Court of the Cayman Islands.

Winding-Up Order regarding Abraaj Capital Limited (in Provisional Liquidation) at the Dubai International Financial Centre Courts.

Petition for restoration and winding-up regarding a claim for $199 million in ABRAAJ Investment Management Limited (in Official Liquidation) v. Silverline Holdings Limited, whose sole shareholder was allegedly Arif Masood Naqvi, a citizen of Pakistan, at the Grand Court of the Cayman Islands.

Decision Notice by the Dubai Financial Services Authority regarding a fine imposed on Abraaj Capital Limited (in Provisional Liquidation), of Dubai.

Decision Notice by the Dubai Financial Services Authority regarding a fine imposed on Abraaj Investment Management Limited (in Provisional Liquidation), of the Cayman Islands.

Transcript of Guilty Plea Hearing in USA v. Mustafa Abdel-Wadood at the U. S. District Court for the Southern District of New York.

Ex Parte On Notice Originating Summons in Butterfield Fiduciary Services (Cayman) Limited, as Trustee of the Orchid II Trust v. Syed Arif Masood Naqvi, founder of the Abraaj Group and a convicted fraudster in the United Arab Emirates; Fayeeza Naqvi, Syed Ashan Ali Naqvi, and Syed Faaris Ali Naqvi, as Members of the Family Committee of the Orchid II Trust, at the Grand Court of the Cayman Islands.

Duff & Phelps officer Mark Skelton, who has apparently been hired to recover assets by investors in a fund managed by $956 million-insolvent ABRAAJ Investment Management, has taken legal action in the Cayman Islands in an attempt to gain access to corporate records.

Originating Summons in Mark Skelton, of Duff & Phelps Limited, in London, England, v. ABRAAJ Investment Management Limited (in Provisional Liquidation), based in Dubai, domiciled in the Cayman Islands, at the Grand Court of the Cayman Islands.

Superseding Indictment in USA v. Arif Naqvi, Waqar Siddique, Rafique Lakhani, Mustafa Abdel-Wadood, Ashish Dave, and Sivendran Vettivetpillai at the U. S. District Court for the Southern District of New York.

Criminal Indictment in USA v. Mustafa Abdel-Wadood at the U. S. District Court for the Southern District of New York.

Criminal Indictment in USA v. Arif Naqvi at the U. S. District Court for the Southern District of New York.

Complaint in U. S. Securities and Exchange Commission v. ABRAAJ Investment Management Limited, of the Cayman Islands, and Arif Naqvi, a Pakistani national, at the U. S. District Court for the Southern District of New York.

Writ of Summons in ABRAAJ General Partner VIII Limited, on behalf of Abraaj Private Equity Fund IV LP, Abraaj Buyout Fund IV (S) LP, and, derivatively, Mocha Education Holdings LP, v. ABRAAJ SPV 124 Limited, ADV 1 Limited, EDU MENA Holdings Cooperatief UA, and Thebes BV at the Grand Court of the Cayman Islands.

In the first seven months of this year alone, the international business court of the Cayman Islands concealed 21 insolvency petitions in which the liabilities collectively exceeded $1.2 billion, including five against companies listed on foreign stock exchanges. Their existence is only now known because the Court unsealed dozens of cases after OffshoreAlert's exposé of its draconian secrecy practices.

Stop Notice by Commercial Bank of Dubai PSC regarding shares in Abraaj SPV Limited owned by Abraaj Holdings, filed at the Grand Court of the Cayman Islands.

Stop Notice by Commercial Bank of Dubai PSC regarding shares in Abraaj SPV 39 Limited owned by Abraaj Holdings, filed at the Grand Court of the Cayman Islands.

Stop Notice by Commercial Bank of Dubai PSC regarding shares in Abraaj SPV 128 Limited owned by Abraaj Holdings, filed at the Grand Court of the Cayman Islands.

Stop Notice by Commercial Bank of Dubai PSC regarding shares in Abraaj SPV 114 Limited owned by Abraaj Holdings, filed at the Grand Court of the Cayman Islands.

Stop Notice by Commercial Bank of Dubai PSC regarding sharesin Abraaj ASAS SPV Limited owned by Abraaj Holdings, filed at the Grand Court of the Cayman Islands.

Stop Notice by Commercial Bank of Dubai PSC regarding shares in New Star SPV Limited owned by Abraaj Holdings, filed at the Grand Court of the Cayman Islands.

Stop Notice by the Commercial Bank of Dubai PSC regarding shares in Shark Holdings Limited owned by Abraaj Holdings, filed at the Grand Court of the Cayman Islands.

Winding Up Petition In the Matter of ABRAAJ Investment Management Limited at the Grand Court of the Cayman Islands.

Winding Up Petition in Auctus Fund Ltd. v. ABRAAJ Investment Management Limited at the Grand Court of the Cayman Islands.

Winding Up Petition in Auctus Fund Ltd., of Saint Vincent and the Grenadines v. ABRAAJ Investment Management Limited, a Cayman Islands company based in Dubai, at the Grand Court of the Cayman Islands.

Winding Up Petition in Auctus Fund Ltd., of Saint Vincent and the Grenadines v. ABRAAJ Holdings, based in Dubai, at the Grand Court of the Cayman Islands.

Winding Up Petition in The Public Institution for Social Security v. ABRAAJ Holdings at the Grand Court of the Cayman Islands.

Stop Notice by Nexgen Capital Limited regarding shares in DF (EFG1) Limited owned by Dubai Financial Group LLC at the Grand Court of the Cayman Islands.

Charge filed by Citibank NA over the shares of ABRAAJ SPV 39 Limited at the Grand Court of the Cayman Islands.

Charge over shares filed by Emirates NBD Bank PJSC against ABRAAJ Financial Technologies Holdings 2 Limited at the Grand Court of the Cayman Islands.

Share charge filed at the Grand Court of the Cayman Islands by Emirates NBD Bank PJSC regarding ABRAAJ Financial Technologies Holdings 2 Limited.